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 and Holders of Record
Our common stock is traded on the Nasdaq Global Select Market under the symbol “TUSK.” As of the close of business on March 2, 2022, there were 53 holders of record of our common stock. The number of holders of record of our common stock is not representative of the number of beneficial holders because many of the shares are held by depositories, brokers or nominees. As of January 14, 2022, there were 5,213 beneficial holders of record of our common stock.
Unregistered Sales of Equity Securities
None.
Issuer Purchases of Equity Securities
None.
Dividends
On July 16, 2018, we initiated a quarterly dividend policy and declared our first quarterly cash dividend. In July 2019, as a result of oilfield market conditions and other factors, which included the status of collections from PREPA, our board of directors suspended the quarterly cash dividend.
Our board of directors’ determination with respect to any future dividends will depend upon our profitability and financial condition, contractual restrictions, restrictions imposed by applicable law and other factors that the board deems relevant at the time of such determination. Based on its evaluation of these factors, the board of directors may determine not to declare a dividend, or declare dividends at rates that are less than currently anticipated.
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Performance Graph
The following graph and table compares the cumulative total return of a $100 investment in our common stock from October 14, 2016, the date on which our stock began trading on the Nasdaq Global Select Market, through December 31, 2021, with the total cumulative return of a $100 investment in the Standard & Poors 500 Stock Index, the Dow Jones Industrial Average Market Index and the PHLX Oil Service Sector Index during that period.
October 14, 2016 December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 December 31, 2021
Mammoth Energy Service, Inc. $ 100.00 $ 114.63 $ 148.04 $ 135.60 $ 16.59 $ 33.56 $ 13.73
S&P 500 Stock Index $ 100.00 $ 104.88 $ 125.25 $ 117.44 $ 151.35 $ 175.96 $ 223.28
Dow Jones Industrial Average Market Index $ 100.00 $ 108.96 $ 136.28 $ 128.61 $ 157.34 $ 168.74 $ 200.34
PHLX Oil Service Sector Index $ 100.00 $ 111.51 $ 90.74 $ 48.90 $ 47.50 $ 26.90 $ 31.99
This graph shall not be deemed to be “soliciting material” or to be “filed” with the SEC.
Item 6. [Reserved]
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.