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 common stock was listed on the New York Stock Exchange under the symbol “LYV” beginning on December 21, 2005. There were 3,249 stockholders of record as of February 20, 2020. This figure does not include an estimate of the indeterminate number of beneficial holders whose shares may be held of record by brokerage firms and clearing agencies.
Purchase of Equity Securities
The following table provides information regarding repurchases of our common stock during the year ended December 31, 2019.
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share (1) | Total Number of Shares Purchased as Part of Publicly Announced Program (2) | Maximum Fair Value of Shares that May Yet Be Purchased Under the Program (2) | ||||||||||||||||||||||||||||||||||||||||||||||
| January 2019 | 7,979 | $52.87 | ||||||||||||||||||||||||||||||||||||||||||||||||
| February 2019 | 12,846 | $54.20 | ||||||||||||||||||||||||||||||||||||||||||||||||
| March 2019 | 129,479 | $63.32 | ||||||||||||||||||||||||||||||||||||||||||||||||
| April 2019 | 10,162 | $64.91 | ||||||||||||||||||||||||||||||||||||||||||||||||
| May 2019 | 4,366 | $64.68 | ||||||||||||||||||||||||||||||||||||||||||||||||
| June 2019 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||
| July 2019 | 1,115 | $70.33 | ||||||||||||||||||||||||||||||||||||||||||||||||
| August 2019 | 1,600 | $72.11 | ||||||||||||||||||||||||||||||||||||||||||||||||
| September 2019 | 1,843 | $68.06 | ||||||||||||||||||||||||||||||||||||||||||||||||
| October 2019 | 2,030 | $69.40 | ||||||||||||||||||||||||||||||||||||||||||||||||
| November 2019 | 38,106 | $66.02 | ||||||||||||||||||||||||||||||||||||||||||||||||
| December 2019 | 30,282 | $69.96 | ||||||||||||||||||||||||||||||||||||||||||||||||
| 239,808 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| (1) Represents shares of common stock that employees surrendered as part of the default option to satisfy withholding taxes in connection with the vesting of restricted stock awards under our stock incentive plan. Pursuant to the terms of our stock plan, such shares revert to available shares under the plan. | ||||||||||||||||||||||||||||||||||||||||||||||||||
| (2) We do not have a publicly announced program to purchase shares of our common stock. Accordingly, there were no shares purchased as part of a publicly announced program. See footnote (1). |
Dividend Policy
From inception and through December 31, 2019, we have not declared or paid any dividends. We presently intend to retain any future earnings to finance the expansion of our business and to make debt repayments as they become due. Therefore, we do not expect to pay any cash dividends in the foreseeable future. Moreover, the terms of our senior secured credit facility limit the amount of funds that we will have available to declare and distribute as dividends on our common stock. Payment of future cash dividends, if any, will be at the discretion of our board of directors in accordance with applicable laws after taking into account various factors, including our financial condition, operating results, current and anticipated cash needs, plans for expansion and contractual restrictions with respect to the payment of dividends.
Recent Sales of Unregistered Securities
None.
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