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
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 2016 and 2015 were as follows:
| First | Second | Third | Fourth | ||||||||||
| 2016 | Quarter | Quarter | Quarter | Quarter | |||||||||
| High | $ | 87.42 | $ | 96.88 | $ | 94.75 | $ | 80.67 | |||||
| Low | $ | 67.90 | $ | 78.91 | $ | 66.50 | $ | 68.04 |
| First | Second | Third | Fourth | ||||||||||
| 2015 | Quarter | Quarter | Quarter | Quarter | |||||||||
| High | $ | 76.99 | $ | 81.42 | $ | 81.15 | $ | 75.14 | |||||
| Low | $ | 65.86 | $ | 71.44 | $ | 64.66 | $ | 59.75 |
On March 17, 2017, our stock price at the close of the market was $72.33 and there were approximately 2,148 shareholders of record of our common stock.
Dividends
On March 15, 2017, our Board of Directors declared a quarterly cash dividend of $0.26 per share, which is payable on April 25, 2017 to shareholders of record of our common stock on April 11, 2017. We paid quarterly cash dividends of $0.25 in 2016 and $0.22 per share in 2015. Prior to March 2015, we had not declared or paid recurring dividends since March 2007. Although the Board intends to continue regular quarterly cash dividends, the declaration and amount 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 and will depend on, among other things, our results of operations, cash requirements, financial condition, contractual restrictions and other factors that the Board may deem relevant.
Issuer Purchases of Equity Securities
The following table contains information regarding purchases of our common stock made during the quarter ended February 3, 2017 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:
| Total Number | Approximate | ||||||||||
| of Shares | Dollar Value | ||||||||||
| Purchased | of Shares that May | ||||||||||
| Total Number of | Average | as Part of Publicly | Yet Be Purchased | ||||||||
| Shares | Price Paid | Announced Plans or | Under the Plans | ||||||||
| Period | Purchased | per Share | Programs(a) | or Programs(a) | |||||||
| 10/29/16-11/30/16 | 3,119,816 | $ | 73.74 | 3,119,816 | $ | 1,014,328,000 | |||||
| 12/01/16-12/31/16 | 733,148 | $ | 76.38 | 733,148 | $ | 958,329,000 | |||||
| 01/01/17-02/03/17 | 339,323 | $ | 73.68 | 339,323 | $ | 933,329,000 | |||||
| Total | 4,192,287 | $ | 74.20 | 4,192,287 | $ | 933,329,000 |
| (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), December 5, 2013 ($1.0 billion increase), March 12, 2015 ($1.0 billion increase), December 3, 2015 ($1.0 billion increase) and August 25, 2016 ($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. |
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