filings.toolsItem 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
3K characters. Original on sec.gov · Markdown
Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
FedEx’s common stock is listed on the New York Stock Exchange under the symbol “FDX.” As of July 14, 2016, there were 12,453 holders of record of our common stock. The following table sets forth, for the periods indicated, the high and low sale prices, as reported on the NYSE, and the cash dividends paid per share of common stock.
| Sale Prices | ||||||||||||
| High | Low | Dividend | ||||||||||
| Fiscal Year Ended May 31, 2016 | ||||||||||||
| Fourth Quarter | $ | 169.30 | $ | 137.30 | $ | 0.25 | ||||||
| Third Quarter | 160.67 | 119.71 | 0.25 | |||||||||
| Second Quarter | 164.94 | 140.01 | 0.25 | |||||||||
| First Quarter | 185.19 | 130.13 | 0.25 | |||||||||
| Fiscal Year Ended May 31, 2015 | ||||||||||||
| Fourth Quarter | $ | 178.79 | $ | 163.60 | $ | 0.20 | ||||||
| Third Quarter | 183.51 | 163.57 | 0.20 | |||||||||
| Second Quarter | 179.79 | 148.37 | 0.20 | |||||||||
| First Quarter | 155.31 | 138.30 | 0.20 |
FedEx also paid a cash dividend on July 1, 2016 ($0.40 per share). We expect to continue to pay regular quarterly cash dividends, though each subsequent quarterly dividend is subject to review and approval by our Board of Directors. We evaluate the dividend payment amount on an annual basis at the end of each fiscal year. There are no material restrictions on our ability to declare dividends, nor are there any material restrictions on the ability of our subsidiaries to transfer funds to us in the form of cash dividends, loans or advances.
The following table provides information on FedEx’s repurchases of our common stock during the fourth quarter of 2016.
ISSUER PURCHASES OF EQUITY SECURITIES
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Programs | Maximum Number of Shares That May Yet Be Purchased Under the Programs | ||||||||||||
| Mar. 1-31, 2016 | 1,570,000 | $ | 146.02 | 1,570,000 | 21,180,000 | |||||||||||
| Apr. 1-30, 2016 | 1,043,000 | 164.68 | 1,043,000 | 20,137,000 | ||||||||||||
| May 1-31, 2016 | 1,162,000 | 162.36 | 1,162,000 | 18,975,000 | ||||||||||||
| Total | 3,775,000 | $ | 156.21 | 3,775,000 |
The repurchases were made under the stock repurchase program approved by our Board of Directors and announced on January 26, 2016 and through which we are authorized to purchase, in the open market or in the privately negotiated transactions, up to an aggregate of 25 million shares of our common stock. As of July 14, 2016, 17.6 million shares remained authorized for purchase under the January 2016 stock repurchase program, which is the only such program that currently exists. The program does not have an expiration date.
- 33 -
Table of Contents
Previous: Item 1B. UNRESOLVED STAFF COMMENTS · Next: Item 6. SELECTED FINANCIAL DATA