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
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Market Information
Jacobs’ common stock is listed on the NYSE and trades under the symbol JEC. We provided to the NYSE, without qualification, the required annual certification of our Chief Executive Officer regarding compliance with the NYSE’s corporate governance listing standards. The following table sets forth the low and high sales prices of a share of our common stock during each of the fiscal quarters presented, based on the NYSE Composite Price History:
| Low Sales | High Sales | |||||||
|---|---|---|---|---|---|---|---|---|
| Price | Price | |||||||
| Fiscal 2017: | ||||||||
| First quarter | $ | 49.16 | $ | 63.42 | ||||
| Second quarter | 52.39 | 62.20 | ||||||
| Third quarter | 50.53 | 55.97 | ||||||
| Fourth quarter | 49.31 | 58.51 | ||||||
| Fiscal 2016: | ||||||||
| First quarter | $ | 37.51 | $ | 45.41 | ||||
| Second quarter | 34.76 | 44.77 | ||||||
| Third quarter | 40.93 | 53.33 | ||||||
| Fourth quarter | 48.13 | 55.89 |
Shareholders
According to the records of our transfer agent, there were 989 shareholders of record as of November 10, 2017.
Share Repurchases
On July 23, 2015, the Board of Directors approved a program to repurchase up to $500 million of the Company’s common stock over the next three years. Share repurchases may be executed through various means including, without limitation, open market transactions. The share repurchase program, which expires on July 22, 2018, does not oblige the Company to purchase any shares. The authorization for the share repurchase program may be terminated, increased, or decreased by the Company’s Board of Directors in its discretion at any time. The timing of our share repurchases may depend upon market conditions, other uses of capital, and other factors.
There were no repurchases of our common stock during the fourth quarter of fiscal 2017.
Dividends
Our current policy is to use cash flows from operations to fund future growth, pay down debt, and, subject to market conditions, repurchase common stock under a stock buy-back program approved by our Board of Directors. On December 1, 2016, the Company announced that the Board of Directors has approved the initiation of a cash dividend program. Quarterly dividends of $0.15 per share were paid in each of the second, third and fourth quarters of fiscal 2017. On September 27, 2017, the Board of Directors declared a quarterly cash dividend of $0.15 per share, which was paid on November 10, 2017. Future dividend payments are subject to review and approval by the Company’s Board of Directors.
Unregistered Sales of Equity Securities.
None.
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Performance Graph
The following graph and table shows the changes over the five-year period ended September 29, 2017 in the value of $100 as of the close of market on September 30, 2012 in (1) the common stock of Jacobs Engineering Group Inc., (2) the Standard & Poor’s 500 Stock Index, and (3) the Dow Jones Heavy Construction Group Index. The values of each investment are based on share price appreciation, with reinvestment of all dividends, provided any were paid. The investments are assumed to have occurred at the beginning of the period presented. The stock performance included in this graph is not necessarily indicative of future stock price performance.

| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jacobs Engineering Group Inc. | 100.00 | 143.90 | 120.75 | 92.58 | 127.92 | 145.32 | ||||||||||||||||||
| S&P 500 | 100.00 | 119.34 | 142.89 | 142.02 | 163.93 | 194.44 | ||||||||||||||||||
| Dow Jones US Heavy Construction | 100.00 | 125.97 | 120.24 | 89.30 | 101.31 | 109.49 |
Note: The above information was provided by Research Data Group, Inc.
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