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 shares of common stock are listed and principally traded on the New York Stock Exchange under the ticker symbol “NVR.” 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, 2013 and 2012:
| HIGH | LOW | |||||||
| Prices per Share: | ||||||||
| 2013 | ||||||||
| Fourth Quarter | $ | 1,042.55 | $ | 883.96 | ||||
| Third Quarter | $ | 967.00 | $ | 830.00 | ||||
| Second Quarter | $ | 1,084.00 | $ | 885.43 | ||||
| First Quarter | $ | 1,100.00 | $ | 920.00 | ||||
| 2012 | ||||||||
| Fourth Quarter | $ | 966.93 | $ | 830.00 | ||||
| Third Quarter | $ | 879.99 | $ | 721.56 | ||||
| Second Quarter | $ | 855.00 | $ | 711.75 | ||||
| First Quarter | $ | 759.13 | $ | 667.98 |
As of the close of business on February 17, 2014, there were 311 shareholders of record.
We have never paid a cash dividend on our shares of common stock and have no current intention to do so in the future.
We had two repurchase authorizations outstanding during the quarter ended December 31, 2013. On July 30, 2013 and December 17, 2013, we publicly announced the Board of Directors’ approval for us to repurchase up to an aggregate of $300 million per authorization, of our common stock in one or more open market and/or privately negotiated transactions. The repurchase authorizations do not have expiration dates. The following table provides information regarding common stock repurchases for the quarter ended December 31, 2013:
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs | ||||||||||||
| October 1 - 31, 2013 | 11,258 | $ | 922.22 | 11,258 | $ | 246,425,479 | ||||||||||
| November 1 - 30, 2013 | 72,870 | $ | 928.33 | 72,870 | $ | 178,777,829 | ||||||||||
| December 1 - 31, 2013 | 42,477 | $ | 957.04 | 42,477 | $ | 438,125,597 | ||||||||||
| Total | 126,605 | $ | 937.42 | 126,605 | ||||||||||||
Table of Contents
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, 2008 in comparison to the Dow/Home Construction Index and the Dow Jones Industrial Index for that same period, assuming that $100 was invested in NVR stock and the indices on December 31, 2008.
Table of Contents
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