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 A and Class B common stock are listed on the New York Stock Exchange under the symbols "LEN" and "LEN.B," respectively. The Class A and Class B high and low stock prices have been restated for all periods presented to reflect the effect of the stock dividend discussed below. The following table shows the high and low sales prices for our Class A and Class B common stock for the periods indicated, as reported by the New York Stock Exchange, and cash dividends declared per share:
| Class A Common Stock High/Low Prices | Cash Dividends Per Class A Share | ||||||
| Fiscal Quarter | 2017 | 2016 | 2017 | 2016 | |||
| First | $48.18 - 41.13 | $51.61 - 36.52 | 4¢ | 4¢ | |||
| Second | $52.89 - 48.27 | $48.14 - 41.66 | 4¢ | 4¢ | |||
| Third | $54.82 - 49.59 | $48.77 - 42.39 | 4¢ | 4¢ | |||
| Fourth | $63.15 - 48.69 | $46.80 - 39.02 | 4¢ | 4¢ |
| Class B Common Stock High/Low Prices | Cash Dividends Per Class B Share | ||||||
| Fiscal Quarter | 2017 | 2016 | 2017 | 2016 | |||
| First | $38.82 - 32.74 | $41.86 - 29.45 | 4¢ | 4¢ | |||
| Second | $43.60 - 38.90 | $38.53 - 33.05 | 4¢ | 4¢ | |||
| Third | $46.52 - 41.01 | $39.15 - 34.00 | 4¢ | 4¢ | |||
| Fourth | $51.90 - 40.59 | $37.42 - 31.46 | 4¢ | 4¢ |
As of December 31, 2017, the last reported sale price of our Class A common stock was $63.24 and the last reported sale price of our Class B common stock was $51.68. As of December 31, 2017, there were approximately 668 and 510 holders of record of our Class A and Class B common stock, respectively.
On January 11, 2018, our Board of Directors declared a quarterly cash dividend of $0.04 per share for both our Class A and Class B common stock, which is payable on February 9, 2018, to holders of record at the close of business on January 26, 2018.
On November 27, 2017, we paid a stock dividend of one share of Class B common stock for each 50 shares of Class A common stock or Class B common stock to holders of record at the close of business on November 10, 2017, as declared by our Board of Directors on October 30, 2017. Our Board of Directors evaluates each quarter the decision whether to declare a dividend and the amount of the dividend.
The following table provides information about our repurchases of common stock during the three months ended November 30, 2017:
| Period: | Total Number of Shares Purchased (1) | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) | Maximum Number of Shares that may yet be Purchased under the Plans or Programs (2) | ||||||||
| September 1 to September 30, 2017 | 228 | $ | 52.23 | — | 6,218,968 | |||||||
| October 1 to October 31, 2017 | 351 | $ | 56.01 | — | 6,218,968 | |||||||
| November 1 to November 30, 2017 | 183 | $ | 54.62 | — | 6,218,968 |
| (1) | Represents shares of Class A common stock withheld by us to cover withholding taxes due, at the election of certain holders of nonvested shares, with market value approximating the amount of withholding taxes due. |
| (2) | In June 2001, our Board of Directors authorized a stock repurchase program under which we were authorized to purchase up to 20 million shares of our outstanding Class A common stock or Class B common stock. This repurchase authorization has no expiration date. |
The information required by Item 201(d) of Regulation S-K is provided in Item 12 of this Report.
Performance Graph
The following graph compares the five-year cumulative total return of our Class A common stock with the Dow Jones U.S. Home Construction Index and the Dow Jones U.S. Total Market Index. The graph assumes $100 invested on November 30, 2012 in our Class A common stock, the Dow Jones U.S. Home Construction Index and the Dow Jones U.S. Total Market Index, and the reinvestment of all dividends.
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | |||||||||||||
| Lennar Corporation | $ | 100 | 94 | 125 | 136 | 114 | 168 | |||||||||||
| Dow Jones U.S. Home Construction Index | $ | 100 | 104 | 124 | 141 | 124 | 222 | |||||||||||
| Dow Jones U.S. Total Market Index | $ | 100 | 131 | 152 | 155 | 168 | 205 |
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