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 3, 2019, we had 9,115 stockholders of record.
Payment of 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 activity for the fourth quarter of 2019 (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 13—June 9, 2019 | 39,000 | $ | 246.12 | 39,000 | $ | 3,985 | |||||||||
| June 10—July 7, 2019 | 36,000 | 263.30 | 36,000 | 3,976 | |||||||||||
| July 8—August 4, 2019 | 54,000 | 278.15 | 54,000 | 3,961 | |||||||||||
| August 5—September 1, 2019 | 65,000 | 275.37 | 65,000 | 3,943 | |||||||||||
| Total fourth quarter | 194,000 | $ | 268.08 | 194,000 |
| (1) | The repurchase program is conducted under a $4,000 authorization approved by our Board of Directors in April 2019, which expires in April 2023. This authorization revoked previously authorized but unused amounts, totaling $2,237. |
Performance Graph
The following graph compares the cumulative total shareholder return (stock price appreciation and the reinvestment of dividends) on an investment of $100 in Costco common stock, S&P 500 Index, and the S&P 500 Retail Index over the five years from August 31, 2014, through September 1, 2019.
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