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
Common Stock
Our common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol XPO.
As of February 1, 2024, there were approximately 70 registered holders of our common stock. We have never paid, and have no immediate plans to pay, cash dividends on our common stock.
Stock Performance Graph
The graph below compares the cumulative five-year total return of holders of our common stock with the cumulative performance of the Dow Jones Transportation Average index, the S&P 400 MidCap index and the S&P Transportation Select Industry index. The graph assumes that the value of the investment in our common stock and each index was $100 on December 31, 2018 and that all dividends and other distributions, including the effect of spin-offs, were reinvested. The comparisons in the graph below are based on historical data and not indicative of, or intended to forecast, future performance of our common stock.
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The graph in our 2022 Annual Report on Form 10-K included a comparison of our common stock with the Dow Jones Transportation Average index and the S&P 400 MidCap index. Going forward, our performance graphs will use the S&P Transportation Select Industry index rather than the Dow Jones Transportation Average index. We believe that the S&P Transportation Select Industry is a more appropriate index as our outstanding performance-based restricted stock units (“PRSUs”) generally measure our performance compared to this index, of which we are a component.
12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23
XPO, Inc. $ 100.00 $ 139.73 $ 208.98 $ 237.73 $ 162.15 $ 426.64
Dow Jones Transportation Average $ 100.00 $ 120.83 $ 140.80 $ 187.56 $ 154.62 $ 186.46
S&P 400 MidCap $ 100.00 $ 126.20 $ 143.44 $ 178.95 $ 155.58 $ 181.15
S&P Transportation Select Industry $ 100.00 $ 122.05 $ 136.78 $ 183.86 $ 132.35 $ 166.38
Unregistered Sales of Equity Securities and Use of Proceeds
None.
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.