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
Common Stock
Casey’s common stock trades on the Nasdaq Global Select Market under the symbol CASY. The 37,008,488 shares of common stock outstanding at April 30, 2024 had a market value of approximately $11.8 billion. On that date, there were 1,441 shareholders of record.
Common Stock Market Prices
| Calendar 2022 | High | Low | Calendar 2023 | High | Low | Calendar 2024 | High | Low | |||||||||||||||||||||||||||||||||||||||
| Q1 | $ | 202.50 | $ | 170.82 | Q1 | $ | 236.45 | $ | 202.13 | Q1 | $ | 324.40 | $ | 268.07 | |||||||||||||||||||||||||||||||||
| Q2 | 216.40 | 181.40 | Q2 | 245.72 | 212.50 | ||||||||||||||||||||||||||||||||||||||||||
| Q3 | 223.90 | 183.23 | Q3 | 284.18 | 238.44 | ||||||||||||||||||||||||||||||||||||||||||
| Q4 | 249.90 | 197.61 | Q4 | 286.62 | 260.13 |
Dividends
We began paying cash dividends during fiscal 1991. The dividends declared in fiscal 2024 totaled $1.72 per share. The dividends declared in fiscal 2023 totaled $1.52 per share. At its June meeting, the Board of Directors declared a quarterly dividend of $0.50 per share payable August 15, 2024, to shareholders of record on August 1, 2024.
The cash dividends declared during the calendar years 2022 through 2024 were as follows:
| Calendar 2022 | Cash dividend declared | Calendar 2023 | Cash dividend declared | Calendar 2024 | Cash dividend declared | ||||||||||||||||||||||||
| Q1 | $ | 0.35 | Q1 | $ | 0.38 | Q1 | $ | 0.43 | |||||||||||||||||||||
| Q2 | 0.38 | Q2 | 0.43 | Q2 | 0.50 | ||||||||||||||||||||||||
| Q3 | 0.38 | Q3 | 0.43 | ||||||||||||||||||||||||||
| Q4 | 0.38 | Q4 | 0.43 | ||||||||||||||||||||||||||
| $ | 1.49 | $ | 1.67 |
Issuer Purchases of Equity Securities
The following table sets forth information with respect to the Company's repurchases of common stock during the quarter ended April 30, 2024:
| Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1) | |||||||||||||||||||
| Fourth Quarter: | |||||||||||||||||||||||
| February 1-29, 2024 | 36,341 | $ | 286.76 | 36,341 | $ | 299,295,981 | |||||||||||||||||
| March 1-31, 2024 | 13,772 | 303.97 | 13,772 | 295,109,710 | |||||||||||||||||||
| April 1-30, 2024 | — | — | — | 295,109,710 | |||||||||||||||||||
| Total | 50,113 | $ | 291.49 | 50,113 | $ | 295,109,710 |
(1) On, and effective as of, March 3, 2022, the Board authorized a share repurchase program, whereby the Company was authorized to repurchase its outstanding common stock from time-to-time, for an aggregate amount of up to $400 million, exclusive of fees, commissions or other costs (the "Repurchase Program"). The Repurchase Program has no
set expiration date. The timing and number of repurchase transactions under the Repurchase Program depends on a variety of factors including, but not limited to, market conditions, corporate considerations, business opportunities, debt agreements, and regulatory requirements. The Repurchase Program can be suspended or discontinued at any time. During the fourth quarter of 2024, we repurchased and retired 50,113 shares of our common stock under our share repurchase program for a total of $14.6 million, excluding fees, commissions and other costs. As of April 30, 2024, $295.1 million remained available for future purchases under this share repurchase program.
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