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
Price Range of Common Stock
Our common stock is traded on the NASDAQ Global Select Market under the symbol “SYMC.” The high and low sales prices set forth below are as reported on the NASDAQ Global Select Market during each quarter of the two most recent years.
| Fiscal 2014 | Fiscal 2013 | |||||||||||||||||||||||||||||||
| Fourth Quarter | Third Quarter | Second Quarter | First Quarter | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | |||||||||||||||||||||||||
| High | $ | 23.97 | $ | 25.06 | $ | 26.44 | $ | 24.45 | $ | 24.73 | $ | 19.09 | $ | 19.20 | $ | 18.80 | ||||||||||||||||
| Low | $ | 18.20 | $ | 21.20 | $ | 21.93 | $ | 21.06 | $ | 18.82 | $ | 17.33 | $ | 13.18 | $ | 13.89 |
Stockholders
As of March 28, 2014, there were 2,098 stockholders of record.
Dividends
During fiscal 2014 we declared and paid common stock dividends of $418 million or $0.60 per share. Dividends declared and paid each quarter during fiscal 2014 were $0.15 per share. No dividends and dividend equivalents were paid in any periods prior to fiscal 2014. Each quarterly dividend was recorded as a reduction to additional paid-in capital. In addition, our board of directors approved dividend equivalent rights entitling holders of restricted stock and performance-based stock to dividend equivalents to be paid in the form of cash upon vesting, for each share of the underlying units. On May 8, 2014, we announced a quarterly dividend in the amount of $0.15 per share of common stock to be paid on June 25, 2014 to all stockholders of record as of June 10, 2014. All future dividends and dividend equivalents are subject to the approval of our board of directors.
Repurchases of our equity securities
Stock repurchases during the three months ended March 28, 2014 were as follows:
| Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased Under Publicly Announced Plans or Programs | Maximum Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs | |||||||||||||
| (In millions, except per share data) | ||||||||||||||||
| December 28, 2013 to January 24, 2014 | 4 | $ | 23.17 | 4 | $ | 695 | ||||||||||
| January 25, 2014 to February 21, 2014 | 2 | $ | 22.14 | 2 | $ | 658 | ||||||||||
| February 22, 2014 to March 28, 2014 | - | $ | - | - | $ | 658 | ||||||||||
| Total | 6 | $ | 22.85 | 6 | ||||||||||||
Through our stock repurchase programs we have repurchased shares on a quarterly basis since the fourth quarter of fiscal 2004. During the fourth quarter of fiscal 2013, our board of directors authorized a new $1.0 billion stock repurchase program which commenced in fiscal 2014. Our active stock repurchase programs have $658 million remaining authorized for future repurchase as of March 28, 2014, and neither program has an expiration date.
Table of Contents
Stock performance graph
This performance graph shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of Symantec under the Securities Act or the Exchange Act.
The graph below compares the cumulative total stockholder return on our common stock with the cumulative total return on the S&P 500 Composite Index and the S&P Information Technology Index for the five years ended March 28, 2014 (assuming the investment of $100 in our common stock and in each of the other indices on the last day of trading for the fiscal 2009, and the reinvestment of all dividends). The comparisons in the graph below are based on historical data and are not intended to forecast the possible future performance of our common stock.
COMPARISON OF FIVE-YEAR CUMULATIVE TOTAL RETURN
Among Symantec Corporation, The S&P 500 Index
And The S&P Information Technology Index

| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | |||||||||||||||||||
| Symantec Corporation | 100.00 | 103.33 | 113.74 | 115.22 | 152.06 | 121.93 | ||||||||||||||||||
| S&P 500 | 100.00 | 142.85 | 164.80 | 177.99 | 202.84 | 246.25 | ||||||||||||||||||
| S&P Information Technology | 100.00 | 147.92 | 165.20 | 198.77 | 196.53 | 216.41 |
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