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
The high and low sales price of the Company’s common stock and the dividends per share declared for each quarter of fiscal 2017 and fiscal 2016 are shown below (as adjusted for the two-for-one stock split distributed on February 9, 2016):
| 2017 | High | Low | Dividend | |||
|---|---|---|---|---|---|---|
| First Quarter | $38.840 | $33.180 | $0.170 | |||
| Second Quarter | 37.960 | 33.970 | 0.170 | |||
| Third Quarter | 35.480 | 32.260 | 0.170 | |||
| Fourth Quarter | 34.530 | 29.750 | 0.170 | |||
| 2016 | High | Low | Dividend | |||
| First Quarter | $40.390 | $32.920 | $0.145 | |||
| Second Quarter | 45.720 | 37.490 | 0.145 | |||
| Third Quarter | 40.535 | 33.700 | 0.145 | |||
| Fourth Quarter | 40.000 | 35.870 | 0.145 |
Additional information about dividends, principal market of trade, and number of stockholders on pages 68 and 69 of the Annual Stockholders’ Report for the fiscal year ended October 29, 2017, is incorporated herein by reference. The Company’s common stock has been listed on the New York Stock Exchange since January 16, 1990.
Issuer purchases of equity securities in the fourth quarter of fiscal year 2017 are shown below:
| Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs****1 | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs****1 | ||||
|---|---|---|---|---|---|---|---|---|
| July 31, 2017 – | ||||||||
| September 3, 2017 | - | $ - | - | 10,452,337 | ||||
| September 4, 2017 – October 1, 2017 | - | - | - | 10,452,337 | ||||
| October 2, 2017 – October 29, 2017 | - | - | - | 10,452,337 | ||||
| Total | - | $ - | - |
1On January 31, 2013, the Company announced its Board of Directors had authorized the repurchase of 10,000,000 shares of its common stock with no expiration date. The repurchase program was authorized at a meeting of the Company’s Board of Directors on January 29, 2013. On November 23, 2015, the Board of Directors authorized a two-for-one split of the Company’s common stock. As part of the resolution to approve that stock split, the number of shares remaining to be repurchased was adjusted proportionately. The stock split was subsequently approved by stockholders at the Company’s Annual Meeting on January 26, 2016, and effected January 27, 2016. All numbers in the table above reflect the impact of this stock split.
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