Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information for Common Stock
The Company’s common stock is listed on the New York Stock Exchange (the “NYSE”) under the symbol “SSD.”
As of February 16, 2022 there were 44,919 holders of record of the Company’s common stock, although we believe that there are a significantly larger number of beneficial owners of our common stock.
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Dividends
During 2021, the Company paid a total of $41.6 million in cash dividends. On January 20, 2022, we declared a quarterly cash dividend of $0.25 per share of common stock to be paid on April 28, 2022 to stockholders of record as of April 7, 2022. See "Note 19 — Subsequent Events" to the Company's Consolidated Financial Statements. Future dividends, if any, will be determined by the Company’s Board of Directors, based on the Company’s future earnings, cash flows, financial condition and other factors deemed relevant by the Board of Directors. See “Item 7 — Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
Stock Performance Graph
The following graph compares the cumulative total stockholder return on the Company’s common stock from December 31, 2016, through December 31, 2021, with the cumulative total return on the S&P 500 Index (a broad equity market index), the Dow Jones U.S. Building Materials & Fixtures Index (a published industry or line-of-business index) and a Peer Group Index over the same period (assuming the investment of $100 in the Company’s common stock and in each of the indices on December 31, 2016, and reinvestment of all dividends into additional shares of the same class of equity securities at the frequency with which dividends are paid on such securities during the applicable fiscal year). To provide an additional comparison to our performance, we included an index consisting of companies in the building products or construction materials industries that are most comparable to us in terms of size and nature of operations, which group has also been referenced by us in connection with setting our executive compensation. The Peer Group Index below consisted of AAON, Inc., Advance Drainage Systems, Inc., American Woodmark Corp, Apogee Enterprises, Inc., Armstrong World Industries, Inc., Cornerstone Building Brands, Inc., Eagle Materials Corp., Gibraltar Industries, Inc., Insteel Industries, Inc., Masonite International Corp., Patrick Industries, Inc., PGT Innovations, Inc., Quanex Building Products Corp., Summit Materials, Inc., Trex Company, Inc., and GCP Applied Technologies.
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Purchases of Equity Securities by the Issuer and Affiliated Purchasers
56,668 shares were purchased in 2021, for shares withheld for settlement of payroll taxes from stock-based compensation awards vested and for retirement eligible employees who retired during 2021. No purchases occurred in Q4 2021.
222,060 shares for $24.1 million were purchased in 2021, pursuant to the Board’s $100.0 million repurchase authorization that was publicly announced on December 16, 2020, which authorization expired on December 31, 2021.
On November 18, 2021, the Company’s Board of Directors authorized the repurchase up to $100.0 million of the Company’s common stock from January 1, 2022 through December 31, 2022.
Item 6. [Reserved]
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