filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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The Company’s common stock is traded on the NASDAQ Stock Market LLC (“NASDAQ”) under the symbol AAPL.
Price Range of Common Stock
The price range per share of common stock presented below represents the highest and lowest intraday sales prices for the Company’s common stock on the NASDAQ during each quarter of the two most recent years.
| Fourth Quarter | Third Quarter | Second Quarter | First Quarter | |||||||||||||
| 2015 price range per share | $ | 132.97 - $ 92.00 | $ | 134.54 - $ 123.10 | $ | 133.60 - $ 104.63 | $ | 119.75 - $ 95.18 | ||||||||
| 2014 price range per share | $ | 103.74 - $ 92.09 | $ | 95.05 - $ 73.05 | $ | 80.18 - $ 70.51 | $ | 82.16 - $ 67.77 |
Holders
As of October 9, 2015, there were 25,924 shareholders of record.
Dividends
The Company paid a total of $11.4 billion and $11.0 billion in dividends during 2015 and 2014, respectively, and expects to pay quarterly dividends of $0.52 per common share each quarter, subject to declaration by the Board of Directors. The Company also plans to increase its dividend on an annual basis, subject to declaration by the Board of Directors.
Apple Inc. | 2015 Form 10-K | 19
Table of Contents
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Share repurchase activity during the three months ended September 26, 2015 was as follows (in millions, except number of shares, which are reflected in thousands, and per share amounts):
| Periods | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1) | ||||||||||||
| June 28, 2015 to August 1, 2015: | ||||||||||||||||
| May 2015 ASR | 9,973 | (2) | (2) | 9,973 | (2) | |||||||||||
| Open market and privately negotiated purchases | 15,882 | $ | 124.66 | 15,882 | ||||||||||||
| August 2, 2015 to August 29, 2015: | ||||||||||||||||
| Open market and privately negotiated purchases | 68,526 | $ | 114.15 | 68,526 | ||||||||||||
| August 30, 2015 to September 26, 2015: | ||||||||||||||||
| Open market and privately negotiated purchases | 37,394 | $ | 112.94 | 37,394 | ||||||||||||
| Total | 131,775 | $ | 36,024 | |||||||||||||
| (1) | In 2012, the Company’s Board of Directors authorized a program to repurchase up to $10 billion of the Company’s common stock beginning in 2013. The Company’s Board of Directors increased the authorization to repurchase the Company’s common stock to $60 billion in April 2013, to $90 billion in April 2014 and to $140 billion in April 2015. As of September 26, 2015, $104 billion of the $140 billion had been utilized. The remaining $36 billion in the table represents the amount available to repurchase shares under the authorized repurchase program as of September 26, 2015. The Company’s share repurchase program does not obligate it to acquire any specific number of shares. Under the program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act. |
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| (2) | In May 2015, the Company entered into an accelerated share repurchase arrangement (“ASR”) to purchase up to $6.0 billion of the Company’s common stock. In July 2015, the purchase period for this ASR ended and an additional 10.0 million shares were delivered and retired. In total, 48.3 million net shares were delivered under this ASR at an average repurchase price of $124.24. |
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Apple Inc. | 2015 Form 10-K | 20
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Company Stock Performance
The following graph shows a comparison of cumulative total shareholder return, calculated on a dividend reinvested basis, for the Company, the S&P 500 Index, the S&P Information Technology Index and the Dow Jones U.S. Technology Supersector Index for the five years ended September 26, 2015. The graph assumes $100 was invested in each of the Company’s common stock, the S&P 500 Index, the S&P Information Technology Index and the Dow Jones U.S. Technology Supersector Index as of the market close on September 24, 2010. Note that historic stock price performance is not necessarily indicative of future stock price performance.
| * | $100 invested on 9/25/10 in stock or index, including reinvestment of dividends. Data points are the last day of each fiscal year for the Company’s common stock and September 30th for indexes. |
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Copyright© 2015 S&P, a division of McGraw Hill Financial. All rights reserved.
Copyright© 2015 Dow Jones & Co. All rights reserved.
| September 2010 | September 2011 | September 2012 | September 2013 | September 2014 | September 2015 | |||||||||||||||||||
| Apple Inc. | $ | 100 | $ | 138 | $ | 229 | $ | 170 | $ | 254 | $ | 294 | ||||||||||||
| S&P 500 Index | $ | 100 | $ | 101 | $ | 132 | $ | 157 | $ | 188 | $ | 187 | ||||||||||||
| S&P Information Technology Index | $ | 100 | $ | 104 | $ | 137 | $ | 147 | $ | 190 | $ | 194 | ||||||||||||
| Dow Jones U.S. Technology Supersector Index | $ | 100 | $ | 103 | $ | 134 | $ | 141 | $ | 183 | $ | 183 |
Apple Inc. | 2015 Form 10-K | 21
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