filings.toolsItem 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
6K characters. Original on sec.gov · Markdown
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Common Stock
The Company's common stock is listed on the NASDAQ Global Select Market under the trading symbol CBOE. As of January 30, 2016, there were approximately 161 holders of record of our common stock.
The following table sets forth the high and low sales prices by quarter for shares of our common stock as reported on NASDAQ and cash dividends declared per quarter:
| Price Range | Cash Dividends Declared per Share | ||||||||||
| Calendar Period | High | Low | |||||||||
| 2014 | |||||||||||
| First Quarter | $ | 59.28 | $ | 48.22 | $ | 0.18 | |||||
| Second Quarter | 56.98 | 46.84 | 0.18 | ||||||||
| Third Quarter | 56.36 | 46.52 | 0.21 | ||||||||
| Fourth Quarter | 65.39 | 52.90 | 0.21 | ||||||||
| 2015 | |||||||||||
| First Quarter | 68.00 | 56.57 | 0.21 | ||||||||
| Second Quarter | 59.64 | 55.04 | 0.21 | ||||||||
| Third Quarter | 67.22 | 57.41 | 0.23 | ||||||||
| Fourth Quarter | 72.53 | 63.65 | 0.23 | ||||||||
| 2016 | |||||||||||
| Through February 17, 2016 (1) | 66.86 | 58.43 | 0.23 |
(1) On February 17, 2016, the Company's board of directors declared a quarterly cash dividend of $0.23 per share. The dividend is payable on March 18, 2016 to stockholders of record at the close of business on March 4, 2016.
Dividends
Each share of common stock, including restricted stock awards and restricted stock units, is entitled to receive dividend and dividend equivalents, respectively, if, as and when declared by the board of directors of the Company.
The Company’s expectation is to continue to pay dividends. The decision to pay a dividend, however, remains within the discretion of our board of directors and may be affected by various factors, including our earnings, financial condition, capital requirements, level of indebtedness and other considerations our board of directors deems relevant. Future debt obligations and statutory provisions, among other things, may limit, or in some cases prohibit, our ability to pay dividends.
As a holding company, the Company's ability to declare and continue to pay dividends in the future with respect to its common stock will also be dependent upon the ability of its subsidiaries to pay dividends to it under applicable corporate law.
Recent Sales of Unregistered Securities
Not applicable.
Use of Proceeds
Not applicable.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The table below shows the purchases of equity securities by the Company in the three months ended December 31, 2015, reflecting the purchase of common stock under the Company's share repurchase program:
| Period | 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) | ||||||||||
| October 1, 2015 – October 31, 2015 | 186,810 | $ | 66.25 | 186,810 | $ | 79,868,623 | ||||||||
| November 1, 2015 – November 30, 2015 | 138,000 | 70.16 | 138,000 | 70,186,605 | ||||||||||
| December 1, 2015 – December 31, 2015 | 191,834 | 66.24 | 191,834 | 57,480,107 | ||||||||||
| Totals | 516,644 | $ | 67.29 | 516,644 | ||||||||||
| (1) | In 2011, the board of directors approved an initial authorization for the Company to repurchase shares of its outstanding common stock of $100 million and approved additional authorizations of $100 million in each of 2012, 2013, 2014 and 2015 for a total authorization of $500 million. The program permits the Company to purchase shares through a variety of methods, including in the open market or through privately negotiated transactions, in accordance with applicable securities laws. It does not obligate the Company to make any repurchases at any specific time or situation. |
Stockholder Return Performance Graph
The following graph compares the cumulative total return provided to stockholders on our common stock since our initial public offering against the return of the S&P Midcap 400 Index and a customized peer group that includes CME Group Inc., Intercontinental Exchange Inc., NASDAQ, Inc. and CBOE Holdings.
An investment of $100, with reinvestment of all dividends, is assumed to have been made in our common stock, the index and the peer groups on December 31, 2010, and its performance is tracked on a annual basis through December 31, 2015.
Comparison of Cumulative Total Return of the
Company, Peer Groups, Industry Indexes and/or Broad Markets
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN*
Among CBOE Holdings, Inc., the S&P Midcap 400 Index
and a Peer Group
- $100 invested on 12/31/10 in stock or index, including reinvestment of dividends.
Fiscal year ending December 31.
Copyright© 2016 S&P, a division of The McGraw-Hill Companies Inc. All rights reserved.
| 12/2010 | 12/2011 | 12/2012 | 12/2013 | 12/2014 | 12/2015 | |||||||
| CBOE Holdings, Inc. | 100 | 115.04 | 137.01 | 247.68 | 306.68 | 318.22 | ||||||
| S&P Midcap 400 | 100 | 98.27 | 115.84 | 154.64 | 169.75 | 166.05 | ||||||
| Peer Group | 100 | 88.52 | 96.01 | 163.29 | 181.48 | 205.24 |
Previous: Item 4. Mine Safety Disclosures · Next: Item 6. Selected Financial Data