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, 2018 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) | |||||||||||||
| September 30, 2018—October 27, 2018 | 2,350 | $ | 57.61 | 2,350 | $ | 1,864,618 | ||||||||||
| October 28, 2018—November 24, 2018 | 6,000 | 61.20 | 6,000 | 1,497,394 | ||||||||||||
| November 25, 2018—December 31, 2018 | — | — | — | 1,497,394 | ||||||||||||
| For the Quarter Ended December 31, 2018 | 8,350 | 8,350 | ||||||||||||||
| (1) | Includes commissions of $0.02 per share. |
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| (2) | On September 6, 2018, the Company announced that the Board of Directors had approved a share repurchase program under which the Company is authorized to repurchase up to $2.0 billion of the Company’s common stock. This share repurchase authorization is discretionary and has no expiration date. The Board of Directors also terminated any previously authorized share 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 $1.52 per share in 2018 compared with $1.51 per share in 2017. In November 2018, the Board of Directors increased the base quarterly cash dividend on Nucor’s common stock to $0.40 per share from $0.38 per share. In February 2019, the Board of Directors also declared Nucor’s 184th consecutive quarterly cash dividend of $0.40 per share payable on May 10, 2019 to stockholders of record on March 29, 2019.
Additional information regarding the market for Nucor’s common stock and the number of stockholders is incorporated by reference to Nucor’s 2018 Annual Report to Stockholders, page 86. Additional information regarding securities authorized for issuance under stock-based compensation plans is incorporated by reference to Nucor’s 2018 Annual Report to Stockholders, pages 68 through 71.
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