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
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The following table sets forth the reported high and low sales prices of our Common Stock for the quarters indicated as traded at the New York Stock Exchange. Our Common Stock is traded under the symbol FIX:
| High | Low | Cash Dividends Declared | ||||||||
| Fourth Quarter, 2013 | $ | 20.58 | $ | 16.16 | $ | 0.055 | ||||
| Third Quarter, 2013 | $ | 16.98 | $ | 15.10 | $ | 0.055 | ||||
| Second Quarter, 2013 | $ | 15.33 | $ | 11.70 | $ | 0.050 | ||||
| First Quarter, 2013 | $ | 14.19 | $ | 11.90 | $ | 0.050 | ||||
| Fourth Quarter, 2012 | $ | 12.16 | $ | 9.61 | $ | 0.050 | ||||
| Third Quarter, 2012 | $ | 11.82 | $ | 9.10 | $ | 0.050 | ||||
| Second Quarter, 2012 | $ | 11.25 | $ | 8.94 | $ | 0.050 | ||||
| First Quarter, 2012 | $ | 12.94 | $ | 9.97 | $ | 0.050 |
As of February 21, 2014 there were approximately 314 stockholders of record of our Common Stock, and the last reported sale price on that date was $16.54 per share.
We expect to continue paying cash dividends quarterly, although there is no assurance as to future dividends because they depend on future earnings, capital requirements, and financial condition. In addition, our revolving credit agreement limits the amount of dividends we can pay at any time that the ratio of our Adjusted Indebtedness to our Credit Facility Adjusted EBITDA exceeds 1.0.
The following Corporate Performance Graph and related information shall not be deemed "soliciting material" or to be "filed" with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act or the Exchange Act, except to the extent that we specifically incorporate it by reference into such filing.
*COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN **Among Comfort Systems USA, Inc., the S&P 500 Index, and the Russell 2000 Index
$100 invested on 12/31/08 in stock or index, including reinvestment of dividends. Fiscal year ending December 31.
Copyright© 2014 S&P, a division of The McGraw-Hill Companies Inc. All rights reserved. Copyright© 2014 Russell Investment Group. All rights reserved.
Recent Sales of Unregistered Securities
None.
Issuer Purchases of Equity Securities
On March 29, 2007, our Board of Directors (the "Board") approved a stock repurchase program to acquire up to 1.0 million shares of our outstanding common stock. Subsequently, the Board has from time to time approved extensions of the program to acquire additional shares. Since the inception of the repurchase program, the Board has approved 6.6 million shares to be repurchased.
The share repurchases will be made from time to time at our discretion in the open market or privately negotiated transactions as permitted by securities laws and other legal requirements, and subject to market conditions and other factors. The Board may modify, suspend, extend or terminate the program at any time. Since the inception of the program in 2007 and as of December 31, 2013, we have repurchased a cumulative total of 6.0 million shares at an average price of $11.00 per share.
During the year ended December 31, 2013, we purchased our common shares in the following amounts at the following weighted-average prices:
| Period | Total Number of Shares Purchased | Weighted-Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs | |||||||||
| January 1 - January 31 | — | $ | — | 5,891,673 | 708,864 | ||||||||
| February 1 - February 28 | — | $ | — | 5,891,673 | 708,864 | ||||||||
| March 1 - March 31 | 11,700 | $ | 12.41 | 5,903,373 | 697,164 | ||||||||
| April 1 - April 30 | 29,181 | $ | 13.34 | 5,932,554 | 667,983 | ||||||||
| May 1 - May 31 | 9,082 | $ | 13.30 | 5,941,636 | 658,901 | ||||||||
| June 1 - June 30 | — | $ | — | 5,941,636 | 658,901 | ||||||||
| July 1 - July 31 | — | $ | — | 5,941,636 | 658,901 | ||||||||
| August 1 - August 31 | 9,219 | $ | 15.81 | 5,950,855 | 649,682 | ||||||||
| September 1 - September 30 | 66,359 | $ | 15.53 | 6,017,214 | 583,323 | ||||||||
| October 1 - October 31 | — | $ | — | 6,017,214 | 583,323 | ||||||||
| November 1 - November 30 | — | $ | — | 6,017,214 | 583,323 | ||||||||
| December 1 - December 31 | — | $ | — | 6,017,214 | 583,323 | ||||||||
| | | | | | | | | | | | | | |
| 125,541 | $ | 14.59 | 6,017,214 | 583,323 | |||||||||
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