filings.toolsItem 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.
Our Class P common stock is listed for trading on the NYSE under the symbol “KMI.” The high and low sale prices per Class P share as reported on the NYSE and the dividends declared per share by period for 2017, 2016 and 2015, are provided below.
| Price Range | Declared Cash Dividends(a) | ||||||||||
| Low | High | ||||||||||
| 2017 | |||||||||||
| First Quarter | $ | 20.71 | $ | 23.01 | $ | 0.125 | |||||
| Second Quarter | 18.31 | 21.92 | 0.125 | ||||||||
| Third Quarter | 18.23 | 21.25 | 0.125 | ||||||||
| Fourth Quarter | 16.68 | 19.17 | 0.125 | ||||||||
| 2016 | |||||||||||
| First Quarter | $ | 11.20 | $ | 19.32 | $ | 0.125 | |||||
| Second Quarter | 16.63 | 19.40 | 0.125 | ||||||||
| Third Quarter | 17.95 | 23.20 | 0.125 | ||||||||
| Fourth Quarter | 19.43 | 23.36 | 0.125 | ||||||||
| 2015 | |||||||||||
| First Quarter | $ | 39.45 | $ | 42.93 | $ | 0.48 | |||||
| Second Quarter | 38.33 | 44.71 | 0.49 | ||||||||
| Third Quarter | 25.81 | 38.58 | 0.51 | ||||||||
| Fourth Quarter | 14.22 | 32.89 | 0.125 |
| (a) | Dividend information is for dividends declared with respect to that quarter. Generally, our declared dividends for our Class P common stock are paid on or about the 15th day of each February, May, August and November. |
As of February 8, 2018, we had 11,867 holders of our Class P common stock, which does not include beneficial owners whose shares are held by a nominee, such as a broker or bank.
For information on our equity compensation plans, see Note 10 “Share-based Compensation and Employee Benefits—Share-based Compensation” to our consolidated financial statements.
The warrant repurchase program, dated June 12, 2015, which authorized us to repurchase up to $100 million of warrants, expired along with the warrants on May 25, 2017.
| Our Purchases of Our Class P Shares | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period | Total number of securities purchased(a) | Average price paid per security | Total number of securities purchased as part of publicly announced plans(a) | Maximum number (or approximate dollar value) of securities that may yet be purchased under the plans or programs | ||||||||||
| December 1 to December 31, 2017 | 14,038,121 | $ | 17.80 | 14,038,121 | $ | 1,750,009,426 | ||||||||
| $ | 1,750,009,426 |
| (a) | On July 19, 2017, our board of directors approved a $2 billion common share buy-back program that began in December 2017. After repurchase, the shares are cancelled and no longer outstanding. |
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