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 shares of common stock are listed and principally traded on the New York Stock Exchange. The following table sets forth the high and low prices per share for our common stock for each fiscal quarter during the years ended December 31, 2010 and 2009:
| HIGH | LOW | |||||||
| Prices per Share: | ||||||||
| 2010 | ||||||||
| Fourth Quarter | $ | 699.28 | $ | 611.50 | ||||
| Third Quarter | $ | 680.05 | $ | 595.00 | ||||
| Second Quarter | $ | 769.50 | $ | 627.43 | ||||
| First Quarter | $ | 759.27 | $ | 655.00 | ||||
| 2009 | ||||||||
| Fourth Quarter | $ | 742.00 | $ | 607.00 | ||||
| Third Quarter | $ | 698.28 | $ | 477.41 | ||||
| Second Quarter | $ | 533.89 | $ | 416.24 | ||||
| First Quarter | $ | 500.05 | $ | 310.69 |
As of the close of business on February 21, 2011, there were 364 shareholders of record.
We have never paid a cash dividend on our shares of common stock.
We had one repurchase authorization outstanding during the quarter ended December 31, 2010. On July 29, 2010 (“July Authorization”), we publicly announced the Board of Directors’ approval for us to repurchase up to an aggregate of $300 million of our common stock in one or more open market and/or privately negotiated transactions. The July Authorization does not have an expiration date. The following table provides information regarding common stock repurchases for the quarter ended December 31, 2010:
| Maximum Number (or | |||||||||||||||||||
| Total Number of | Approximate Dollar | ||||||||||||||||||
| Shares Purchased as | Value) of Shares | ||||||||||||||||||
| Average Price | Part of Publicly | that May Yet Be | |||||||||||||||||
| Total Number of | Paid | Announced Plans or | Purchased Under the | ||||||||||||||||
| Period | Shares Purchased | per Share | Programs | Plans or Programs | |||||||||||||||
| October 1 - 31, 2010 | — | — | — | $ | 148,986,000 | ||||||||||||||
| November 1 - 30, 2010 | 52,216 | $ | 627.94 | 52,216 | $ | 116,198,000 | |||||||||||||
| December 1 - 31, 2010 | 11,300 | $ | 619.33 | 11,300 | $ | 109,200,000 | |||||||||||||
| Total | 63,516 | $ | 626.41 | 63,516 | |||||||||||||||
Stock Performance Graph
COMPARISON OF CUMULATIVE TOTAL EQUITYHOLDER RETURN ON EQUITY
The following chart graphs our performance in the form of cumulative total return to holders of our Common Stock since December 31, 2005 in comparison to the Dow/Home Construction Index and the Dow Jones Industrial Index for that same period. The Dow/Home Construction Index is comprised of NVR, Inc., Pulte Homes, Inc., DR Horton, Inc., Lennar Corp., Toll Brothers, Inc., MDC Holdings, Inc., KB Home, Ryland Group, Inc., Meritage Homes Corp., Standard Pacific Corp., Skyline Corp. and M/I Homes, Inc.
Assumes that $100 was invested in NVR stock and the indices on December 31, 2005.
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