Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR THE REGISTRANT ’ S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is listed on the New York Stock Exchange under the symbol TEX. Certain of our debt agreements contain restrictions as to the payment of cash dividends to stockholders. In addition, Delaware law limits payment of dividends. In February 2025, Terex’s Board declared a dividend of $0.17 per share, which will be paid on March 19, 2025 to the Company’s stockholders of record as of March 7, 2025. Any additional payments of dividends will depend upon our financial condition, capital requirements and earnings, as well as other factors that the Board may deem relevant.
As of February 4, 2025, there were 472 registered stockholders of record of our common stock.
Performance Graph
The following stock performance graph is intended to show our stock performance compared with that of comparable companies. The stock performance graph shows the change in market value of $100 invested in our common stock, the Standard & Poor’s (“S&P”) 500 Stock Index and the S&P 500 Industrial Machinery & Supplies & Components Index for the period commencing December 31, 2019 through December 31, 2024. The cumulative total stockholder return assumes dividends are reinvested. The stockholder return shown on the graph below is not indicative of future performance.
We believe that our diversified portfolio of businesses, which evolves in accordance with acquisitions, dispositions and other transactions, is better benchmarked against the S&P 500 Industrial Machinery & Supplies & Components Index for comparison prospectively rather than a self-selected peer group of individual companies.
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12/19
12/20
12/21
12/22
12/23
12/24
Terex Corporation 100.00 117.87 149.92 147.75 201.09 163.71
S&P 500 100.00 118.40 152.39 124.79 157.59 197.02
S&P 500 Industrial Machinery & Supplies & Components
100.00 115.38 141.86 120.71 152.18 169.14
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Purchases of Equity Securities
The following table provides information about our purchases during the quarter ended December 31, 2024 of our common stock that is registered by us pursuant to the Exchange Act.
Issuer Purchases of Equity Securities
Period Total Number of Shares Purchased (1)
Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
Approximate Dollar Value of Shares that May Yet be Purchased
Under the Plans or Programs (in thousands) (2)
October 1, 2024 – October 31, 2024
65,197 $52.42 64,308 $97,231
November 1, 2024 – November 30, 2024
72,812 $52.69 72,034 $93,438
December 1, 2024 – December 31, 2024
166,086 $47.71 161,961 $85,715
Total 304,095 $49.91 298,303 $85,715
(1) Amount includes shares of common stock purchased to satisfy requirements under the Company’s deferred compensation obligations to employees.
(2) In December 2022, our Board authorized the repurchase up to $150 million of our outstanding shares of common stock.
ITEM 6. RESERVED
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