Item 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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Market Information
Our common stock is traded on the New York Stock Exchange under the symbol "DG." The high and low sales prices during each quarter in fiscal 2014 and 2013 were as follows:
| 2014 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | |||||||||
| High | $ | 61.18 | $ | 65.99 | $ | 65.10 | $ | 71.78 | |||||
| Low | $ | 54.43 | $ | 53.00 | $ | 55.48 | $ | 62.50 |
| 2013 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | |||||||||
| High | $ | 53.00 | $ | 55.82 | $ | 59.87 | $ | 62.93 | |||||
| Low | $ | 43.35 | $ | 48.61 | $ | 52.40 | $ | 55.08 |
On March 12, 2015, our stock price at the close of the market was $74.28 and there were approximately 1,922 shareholders of record of our common stock.
Dividends
On March 10, 2015, our Board of Directors declared a quarterly cash dividend of $0.22 per share, to be paid on April 22, 2015 to shareholders of record of our common stock on April 8, 2015. Prior to March 2015, we had not declared or paid recurring dividends since March 2007. While the Board intends to continue regular quarterly cash dividends, the declaration and payment of future cash dividends are subject to the Board's discretion based on an evaluation of our earnings performance, financial condition, capital needs and other relevant factors.
Issuer Purchases of Equity Securities
The following table contains information regarding purchases of our common stock made during the quarter ended January 30, 2015 by or on behalf of Dollar General or any "affiliated purchaser," as defined by Rule 10b-18(a)(3) of the Securities Exchange Act of 1934:
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(a) | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(a) | |||||||||
| 11/01/14 - 11/30/14 | — | $ | — | — | $ | 223,417,000 | |||||||
| 12/01/14 - 12/31/14 | — | $ | — | — | $ | 223,417,000 | |||||||
| 01/01/15 - 01/30/15 | — | $ | — | — | $ | 223,417,000 | |||||||
| Total | — | $ | — | — | $ | 223,417,000 |
(a)
A $500 million share repurchase program was publicly announced on September 5, 2012, and increases in the authorization under such program were announced on March 25, 2013 ($500 million increase) and December 5, 2013 ($1.0 billion increase). Under the authorization, purchases may be made in the open market or in privately negotiated transactions from time to time subject to market and other conditions. This repurchase authorization has no expiration date. The share repurchase program was further increased on March 10, 2015 ($1.0 billion increase), but such increase is not reflected in the table above as it was not in effect at the end of the 2014 fiscal year.
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