filings.toolsItem 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities
Market Information and Dividends
Grainger's common stock is listed on the New York Stock Exchange, with the ticker symbol GWW. Effective January 1, 2015, Grainger voluntarily delisted its common stock from the Chicago Stock Exchange to eliminate duplicative administrative requirements. The high and low sales prices for the common stock and the dividends declared and paid per share for each calendar quarter during 2016 and 2015 are shown below.
| Prices | ||||||||||||
| Quarters | High | Low | Dividends | |||||||||
| 2016 | First | $ | 234.77 | $ | 176.85 | $ | 1.17 | |||||
| Second | 239.95 | 212.64 | 1.22 | |||||||||
| Third | 235.53 | 212.54 | 1.22 | |||||||||
| Fourth | 240.74 | 201.94 | 1.22 | |||||||||
| Year | $ | 240.74 | $ | 176.85 | $ | 4.83 | ||||||
| 2015 | First | $ | 256.97 | $ | 228.15 | $ | 1.08 | |||||
| Second | 252.87 | 228.05 | 1.17 | |||||||||
| Third | 240.00 | 194.42 | 1.17 | |||||||||
| Fourth | 233.00 | 189.60 | 1.17 | |||||||||
| Year | $ | 256.97 | $ | 189.60 | $ | 4.59 |
Grainger expects that its practice of paying quarterly dividends on its common stock will continue, although the payment of future dividends is at the discretion of Grainger’s Board of Directors and will depend upon Grainger’s earnings, capital requirements, financial condition and other factors.
Holders
The approximate number of shareholders of record of Grainger’s common stock as of January 31, 2017, was 720 with approximately 218,500 additional shareholders holding stock through nominees.
Issuer Purchases of Equity Securities - Fourth Quarter
| Period | Total Number of Shares Purchased (A) | Average Price Paid Per Share (B) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (C) | Maximum Number of Shares That May Yet be Purchased Under the Plans or Programs | ||
| Oct. 1 – Oct. 31 | 306,313 | $212.89 | 306,313 | 6,367,978 | shares | |
| Nov. 1 – Nov. 30 | 239,007 | $216.57 | 239,007 | 6,128,971 | shares | |
| Dec. 1 – Dec. 31 | 270,264 | $236.75 | 270,264 | 5,858,707 | shares | |
| Total | 815,584 | $221.87 | 815,584 |
| (A) | There were no shares withheld to satisfy tax withholding obligations in connection with the vesting of employee restricted stock awards. |
| (B) | Average price paid per share includes any commissions paid and includes only those amounts related to purchases as part of publicly announced plans or programs. |
| (C) | Purchases were made pursuant to a share repurchase program approved by Grainger's Board of Directors. Activity is reported on a trade date basis. |
Company Performance
The following stock price performance graph compares the cumulative total return on an investment in Grainger common stock with the cumulative total return of an investment in each of the Dow Jones US Industrial Suppliers Total Stock Market Index and the S&P 500 Stock Index. It covers the period commencing December 31, 2011, and ending December 31, 2016. The graph assumes that the value for the investment in Grainger common stock and in each index was $100 on December 31, 2011, and that all dividends were reinvested.
| December 31, | ||||||||||||||||||
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| W.W. Grainger, Inc. | $ | 100 | $ | 110 | $ | 141 | $ | 143 | $ | 116 | $ | 136 | ||||||
| Dow Jones US Industrial Suppliers Total Stock Market Index | 100 | 113 | 135 | 132 | 107 | 134 | ||||||||||||
| S&P 500 Stock Index | 100 | 116 | 154 | 175 | 177 | 198 |
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