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
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Our share repurchase program activity for each of the three months and the quarter ended December 31, 2015 was as follows (in thousands, except per share amounts):
| Total Number of Shares Purchased | Average Price Paid per Share (1) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2) | |||||||||||||
| October 4, 2015—October 31, 2015 | — | — | — | $ | 900,000 | |||||||||||
| November 1, 2015—November 28, 2015 | — | — | — | 900,000 | ||||||||||||
| November 29, 2015—December 31, 2015 | 1,664 | $ | 39.96 | 1,664 | 833,495 | |||||||||||
| For the Quarter Ended December 31, 2015 | 1,664 | 1,664 | ||||||||||||||
| (1) | Includes commissions of $0.02 per share. |
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| (2) | On September 2, 2015, the Company announced that the Board of Directors had approved a stock repurchase program under which the Company is authorized to repurchase up to $900 million of the Company’s common stock. The new $900 million share repurchase program replaced any previously authorized repurchase programs. |
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Nucor has increased its base cash dividend every year since the Company began paying dividends in 1973. Nucor paid a total dividend of $1.49 per share in 2015 compared with $1.48 per share in 2014. In December 2015, the Board of Directors increased the base quarterly cash dividend on Nucor’s common stock to $0.375 per share from $0.3725 per share. In February 2016, the Board of Directors also declared Nucor’s 172nd consecutive quarterly cash dividend of $0.375 per share payable on May 11, 2016 to stockholders of record on March 31, 2016.
Additional information regarding the market for Nucor’s common stock, quarterly market price ranges, the number of stockholders and dividend payments is incorporated by reference to Nucor’s 2015 Annual Report, page 80. Additional information regarding securities authorized for issuance under stock-based compensation plans is incorporated by reference to Nucor’s 2015 Annual Report, pages 65 through 68.
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