filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
6K characters. Original on sec.gov ·
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
| --- | --- |
As of February 21, 2017, Domino’s Pizza, Inc. had 170,000,000 authorized shares of common stock, par value $0.01 per share, of which 48,051,144 were issued and outstanding. Domino’s Pizza, Inc.’s common stock is traded on the New York Stock Exchange (“NYSE”) under the ticker symbol “DPZ.”
The following table presents the high and low closing prices by quarter for Domino’s Pizza, Inc.’s common stock, as reported by the NYSE, and dividends declared per common share.
| High | Low | Dividends Declared Per Share | ||||||||||
| 2015: | ||||||||||||
| First quarter (December 29, 2014 – March 22, 2015) | $ | 104.63 | $ | 94.17 | $ | 0.31 | ||||||
| Second quarter (March 23, 2015 – June 14, 2015) | 113.96 | 98.36 | 0.31 | |||||||||
| Third quarter (June 15, 2015 – September 6, 2015) | 119.43 | 101.78 | 0.31 | |||||||||
| Fourth quarter (September 7, 2015 – January 3, 2016) | 112.95 | 101.62 | 0.31 | |||||||||
| 2016: | ||||||||||||
| First quarter (January 4, 2016 – March 27, 2016) | $ | 134.39 | $ | 104.16 | $ | 0.38 | ||||||
| Second quarter (March 28, 2016 – June 19, 2016) | 140.01 | 118.56 | 0.38 | |||||||||
| Third quarter (June 20, 2016 – September 11, 2016) | 151.00 | 122.08 | 0.38 | |||||||||
| Fourth quarter (September 12, 2016 – January 1, 2017) | 172.26 | 149.66 | 0.38 | |||||||||
Our Board of Directors declared a quarterly dividend of $0.46 per common share on February 15, 2017 payable on March 30, 2017 to shareholders of record at the close of business on March 15, 2017.
We currently anticipate continuing the payment of quarterly cash dividends. The actual amount of such dividends, if any, will depend upon future earnings, results of operations, capital requirements, our financial condition and certain other factors. There can be no assurance as to the amount of free cash flow that we will generate in future years and, accordingly, dividends will be considered after reviewing returns to shareholders, profitability expectations and financing needs and will be declared at the discretion of our Board of Directors.
As of February 21, 2017, there were 1,306 registered holders of record of Domino’s Pizza, Inc.’s common stock.
We have a Board of Directors-approved share repurchase program for up to $250.0 million of our common stock, of which $149.1 million remained available at January 1, 2017 for future purchases of our common stock. Any future purchases of our common stock would be funded by current cash amounts, available borrowings or future excess cash flow. The following table summarizes our repurchase activity during the fourth quarter ended January 1, 2017:
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Program | Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program | ||||||||||||
| Period #1 (September 12, 2016 to October 9, 2016) | — | $ | — | — | $ | 165,531,424 | ||||||||||
| Period #2 (October 10, 2016 to November 6, 2016) | 1,827 | 151.85 | — | 165,531,424 | ||||||||||||
| Period #3 (November 7, 2016 to December 4, 2016) | 39,939 | 160.57 | 38,894 | 159,295,327 | ||||||||||||
| Period #4 (December 5, 2016 to January 1, 2017) | 64,567 | 160.07 | 63,500 | 149,139,484 | ||||||||||||
| Total | 106,333 | $ | 160.12 | 102,394 | $ | 149,139,484 | ||||||||||
| (1) | 3,939 shares were purchased as part of the Company’s employee stock purchase discount plan. During the fourth quarter, the shares were purchased at an average price of $160.85. |
|---|
Table of Contents
The following comparative stock performance line graph compares the cumulative shareholder return on the common stock of Domino’s Pizza, Inc. for the five-year period between December 31, 2011 and December 31, 2016, with cumulative total return on (i) the Total Return Index for the New York Stock Exchange (the “NYSE Composite Index”), (ii) the Standard & Poor’s 500 Index (the “S&P 500”) and (iii) the peer group, the Standard & Poor’s 400 Restaurant Index (the “S&P 400 Restaurant Index”). Management believes that the companies included in the S&P 400 Restaurant Index appropriately reflect the scope of the Company’s operations and match the competitive market in which the Company operates. The cumulative total return computations set forth in the performance graph assume the investment of $100 in the Company’s common stock, the NYSE Composite Index, the S&P 500 Index and the S&P 400 Restaurant Index on December 31, 2011.
Table of Contents
Previous: Item 4A. Executive Officers of the Registrant. · Next: Item 6. Selected Financial Data.