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
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 2017 and 2016 were as follows:
| First | Second | Third | Fourth | ||||||||||
| 2017 | Quarter | Quarter | Quarter | Quarter | |||||||||
| High | $ | 79.35 | $ | 79.28 | $ | 85.07 | $ | 105.82 | |||||
| Low | $ | 67.94 | $ | 65.97 | $ | 70.30 | $ | 79.79 |
| 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 |
On March 16, 2018, our stock price at the close of the market was $95.43 and there were approximately 2,383 shareholders of record of our common stock.
Dividends
On March 14, 2018, our Board of Directors declared a quarterly cash dividend of $0.29 per share, which is payable on or before April 24, 2018 to shareholders of record of our common stock on April 10, 2018. We paid quarterly cash dividends of $0.26 per share in 2017 and $0.25 per share in 2016. Prior to March 2015, we had not declared or paid recurring dividends since March 2007. Although the Board currently expects to continue regular quarterly cash dividends, the declaration and amount of future cash dividends are subject to the Board’s sole discretion and will depend upon, among other things, our results of operations, cash requirements, financial condition, contractual restrictions and other factors that the Board may deem relevant in its sole discretion.
Issuer Purchases of Equity Securities
The following table contains information regarding purchases of our common stock made during the quarter ended February 2, 2018 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 | Average | as Part of Publicly | Yet Be Purchased | ||||||||
| of Shares | Price Paid | Announced Plans or | Under the Plans | ||||||||
| Period | Purchased | per Share | Programs(a) | or Programs(a) | |||||||
| 11/04/17-11/30/17 | — | $ | — | — | $ | 634,594,000 | |||||
| 12/01/17-12/31/17 | 2,056,411 | $ | 92.38 | 2,056,411 | $ | 444,616,000 | |||||
| 01/01/18-02/02/18 | 954,934 | $ | 95.29 | 954,934 | $ | 353,617,000 | |||||
| Total | 3,011,345 | $ | 93.31 | 3,011,345 | $ | 353,617,000 |
| (a) | On September 5, 2012, the Company announced a program permitting the Company to repurchase a portion of its outstanding shares not to exceed a dollar maximum established by the Company’s Board of Directors. The program was most recently amended on March 14, 2018 to increase the repurchase authorization by $1.0 billion, bringing the total value of authorized share repurchases under the program to $6.0 billion. 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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