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
Market Information and Dividend Policy
Our common stock is traded on the NASDAQ Global Select Market under the symbol “COST.” On October 10, 2017, we had 8,629 stockholders of record. The following table shows the quarterly high and low closing prices of our common stock as reported by NASDAQ for each quarter during the last two fiscal years and the quarterly cash dividend declared per share.
| Price Range | Cash Dividends Declared | |||||||||||
| High | Low | |||||||||||
| 2017: | ||||||||||||
| Fourth Quarter | $ | 182.20 | $ | 150.44 | $ | 0.500 | ||||||
| Third Quarter | 182.45 | 164.55 | 7.500 | (1) | ||||||||
| Second Quarter | 172.00 | 150.11 | 0.450 | |||||||||
| First Quarter | 163.98 | 142.24 | 0.450 | |||||||||
| 2016: | ||||||||||||
| Fourth Quarter | 169.04 | 141.29 | 0.450 | |||||||||
| Third Quarter | 158.25 | 146.44 | 0.450 | |||||||||
| Second Quarter | 168.87 | 143.28 | 0.400 | |||||||||
| First Quarter | 163.10 | 138.30 | 0.400 |
| (1) | Includes a special cash dividend of $7.00 per share. |
Payment of future dividends is subject to declaration by the Board of Directors. Factors considered in determining dividends include our profitability and expected capital needs. Subject to these qualifications, we presently expect to continue to pay dividends on a quarterly basis.
Issuer Purchases of Equity Securities
The following table sets forth information on our common stock repurchase program activity for the fourth quarter of fiscal 2017 (dollars in millions, except per share data):
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Program(1) | Maximum Dollar Value of Shares that May Yet be Purchased under the Program | ||||||||
| May 8—June 4, 2017 | 92,000 | $171.87 | 92,000 | $2,973 | ||||||||
| June 5—July 2, 2017 | 573,000 | 162.00 | 573,000 | $2,881 | ||||||||
| July 3—July 30, 2017 | 451,000 | 155.06 | 451,000 | $2,811 | ||||||||
| July 31—September 3, 2017 | 396,000 | 156.95 | 396,000 | $2,749 | ||||||||
| Total fourth quarter | 1,512,000 | $159.21 | 1,512,000 |
| (1) | The repurchase program is conducted under a $4,000 authorization approved by our Board of Directors in April 2015, which expires in April 2019. |
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