filings.toolsItem 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is listed on the New York Stock Exchange ("NYSE") with the ticker symbol "KEYS.’’ The following table sets forth the high and low sale prices per quarter for the fiscal years 2017 and 2016 as reported in the consolidated transaction reporting system for the New York Stock Exchange:
| Fiscal 2017 | High | Low | Dividends | ||||
| First Quarter (ended January 31, 2017) | $ | 38.28 | $ | 31.81 | — | ||
| Second Quarter (ended April 30, 2017) | $ | 39.36 | $ | 35.05 | — | ||
| Third Quarter (ended July 31, 2017) | $ | 42.98 | $ | 35.62 | — | ||
| Fourth Quarter (ended October 31, 2017) | $ | 44.79 | $ | 39.21 | — | ||
| Fiscal 2016 | High | Low | Dividends | ||||
| First Quarter (ended January 31, 2016) | $ | 33.48 | $ | 22.15 | — | ||
| Second Quarter (ended April 30, 2016) | $ | 28.39 | $ | 21.07 | — | ||
| Third Quarter (ended July 31, 2016) | $ | 31.87 | $ | 25.49 | — | ||
| Fourth Quarter (ended October 31, 2016) | $ | 33.14 | $ | 26.87 | — |
There were 23,622 shareholders of record of Keysight common stock as of December 15, 2017.
We have not paid any dividends, and we do not anticipate paying any cash dividends in the foreseeable future. All decisions regarding the declaration and payment of dividends and repurchase stock are at the discretion of our Board of Directors and will be evaluated regularly in light of our financial condition, earnings, growth prospects, funding requirements, applicable law, and any other factors that our Board deems relevant.
The information required by this item with respect to equity compensation plans will be included under the caption Equity Compensation Plans in our proxy statement for the 2018 annual meeting of stockholders, to be filed with the Securities and Exchange Commission pursuant to Regulation 14A, and is incorporated herein by reference.
ISSUER PURCHASES OF EQUITY SECURITIES
The table below summarizes information about the company’s purchases, based on trade date; of its equity securities registered pursuant to Section 12 of the Exchange Act during the quarterly period ended October 31, 2017. The total number of shares of common stock purchased by the company during the fiscal year ended October 31, 2017 is 2,288,516 shares.
| Period | Total Number of Shares of Common Stock Purchased (1) | Weighted Average Price Paid per Share of Common Stock (2) | Total Number of Shares of Common Stock Purchased as Part of Publicly Announced Plans or Programs (1) | Maximum Approximate Dollar Value of Shares of Common Stock that May Yet Be Purchased Under the Program (1) | ||||||||
| August 1, 2017 through August 31, 2017 | — | N/A | — | $ | 138,515,618 | |||||||
| September 1, 2017 through September 30, 2017 | — | N/A | — | $ | 138,515,618 | |||||||
| October 1, 2017 through October 31, 2017 | — | N/A | — | $ | 138,515,618 | |||||||
| Total | — | N/A | — |
| (1) | On February 18, 2016, the Board of Directors approved a stock repurchase program authorizing the purchase of up to $200 million of the company’s common stock. Under the program, shares may be purchased from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases, privately negotiated transactions or other means. The stock repurchase program may be commenced, suspended or discontinued at any time at the company’s discretion and does not have an expiration date. All such shares and related costs are held as treasury stock and accounted for using the cost method. |
| (2) | The weighted average price paid per share of common stock does not include the cost of commissions. |
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