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 is listed on the NYSE and traded under the symbol “MPC.” As of February 16, 2018, there were 32,545 registered holders of our common stock.
The following table reflects intraday high and low sales prices of and dividends declared on our common stock by quarter:
| 2017 | 2016 | ||||||||||||||||||||||
| Dollars per share | High Price | Low Price | Dividends | High Price | Low Price | Dividends | |||||||||||||||||
| Quarter 1 | $ | 54.59 | $ | 46.88 | $ | 0.36 | $ | 52.83 | $ | 29.24 | $ | 0.32 | |||||||||||
| Quarter 2 | 55.20 | 47.78 | 0.36 | 43.26 | 32.02 | 0.32 | |||||||||||||||||
| Quarter 3 | 56.81 | 49.30 | 0.40 | 44.56 | 35.16 | 0.36 | |||||||||||||||||
| Quarter 4 | 67.07 | 55.25 | 0.40 | 51.15 | 40.01 | 0.36 | |||||||||||||||||
| Year | 67.07 | 46.88 | 1.52 | 52.83 | 29.24 | 1.36 |
Dividends
Our board of directors intends to declare and pay dividends on our common stock based on our financial condition and consolidated results of operations. On January 29, 2018, we announced that our board of directors approved a 46 cent per share dividend, payable March 12, 2018 to shareholders of record at the close of business on February 21, 2018.
Dividends on our common stock are limited to our legally available funds.
Issuer Purchases of Equity Securities
The following table sets forth a summary of our purchases during the quarter ended December 31, 2017, of equity securities that are registered by MPC pursuant to Section 12 of the Securities Exchange Act of 1934, as amended:
| Period | Total Number of Shares Purchased(a) | Average Price Paid per Share(b) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(c) | |||||||||
| 10/01/17-10/31/17 | 9,750,623 | $ | 56.43 | 9,746,982 | $ | 3,391,603,964 | |||||||
| 11/01/17-11/30/17 | 1,784,657 | 62.03 | 1,784,530 | 3,280,906,366 | |||||||||
| 12/01/17-12/31/17 | 1,429,515 | 62.78 | 1,423,324 | 3,191,552,142 | |||||||||
| Total | 12,964,795 | 57.90 | 12,954,836 |
| (a) | The amounts in this column include 3,641, 127 and 6,191 shares of our common stock delivered by employees to MPC, upon vesting of restricted stock, to satisfy tax withholding requirements in October, November and December, respectively. |
| (b) | Amounts in this column reflect the weighted average price paid for shares purchased under our share repurchase authorizations and for shares tendered to us in satisfaction of employee tax withholding obligations upon the vesting of restricted stock granted under our stock plans. The weighted average price includes commissions paid to brokers on shares purchased under our share repurchase authorizations. |
| (c) | On May 31, 2017, we announced that our board of directors had approved a $3.0 billion share repurchase authorization and extended the remaining balance under the previous repurchase authorization announced on July 30, 2015, with both such outstanding authorizations having no expiration date. These authorizations, together with prior authorizations, result in a total of $13.0 billion of share repurchase authorizations since January 1, 2012. |
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