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
Common Stock and Dividend Information
Our common stock is traded on the NASDAQ Global Select Market ("Nasdaq") under the symbol ODFL. At February 23, 2015, there were 50,983 holders of our common stock, including 116 shareholders of record. We did not pay any dividends on our common stock during fiscal year 2014 or 2013, and we have no current plans to declare or pay any dividends on our common stock during fiscal year 2015. For information concerning restrictions on our ability to make dividend payments, see Liquidity and Capital Resources in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and Note 2 in Item 8, “Financial Statements and Supplementary Data” of this report.
The following table sets forth the high and low sales price of our common stock for the periods indicated, as reported by Nasdaq:
| 2014 | ||||||||||||||||
| First Quarter | Second Quarter | Third Quarter | Fourth Quarter | |||||||||||||
| High | $ | 57.48 | $ | 65.35 | $ | 72.63 | $ | 81.48 | ||||||||
| Low | $ | 49.76 | $ | 53.63 | $ | 61.17 | $ | 62.17 |
| 2013 | ||||||||||||||||
| First Quarter | Second Quarter | Third Quarter | Fourth Quarter | |||||||||||||
| High | $ | 38.76 | $ | 44.00 | $ | 47.66 | $ | 53.34 | ||||||||
| Low | $ | 34.58 | $ | 35.17 | $ | 41.93 | $ | 45.15 |
The following table provides information regarding our repurchases of our common stock during the fourth quarter of 2014.
| ISSUER PURCHASES OF EQUITY SECURITIES | ||||||||||||||
| Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Programs | |||||||||||
| October 1-31, 2014 | — | $ | — | — | $ | — | ||||||||
| November 1-30, 2014 | — | $ | — | — | $ | — | ||||||||
| December 1-31, 2014 | 70,620 | $ | 78.34 | 70,620 | $ | 194,467,625 | ||||||||
| Total | 70,620 | $ | 78.34 | 70,620 |
On November 10, 2014, we announced that our Board of Directors approved a stock repurchase program authorizing us to repurchase up to an aggregate of $200.0 million of our outstanding common stock. We may repurchase shares from time-to-time in open market purchases or through privately negotiated transactions. The program expires on November 6, 2016. Shares of our common stock repurchased by us under the repurchase program are canceled at the time of repurchase and are authorized but unissued shares of our common stock.
Performance Graph
The following graph compares the total shareholder cumulative returns, assuming the reinvestment of all dividends, of $100 invested on December 31, 2009, in (i) our common stock, (ii) the NASDAQ Industrial Transportation Index, (iii) the S&P 500 Total Return Index, (iv) the NASDAQ Trucking & Transportation Stocks and (v) The NASDAQ Stock Market (US) for the five-year period ended December 31, 2014.
As a result of a change in the total return data made available to us through our vendor provider, our performance graphs going forward will use a comparable index provided by NASDAQ OMX Global Indexes. We have included the NASDAQ Trucking & Transportation Stocks and The NASDAQ Stock Market (US) for comparative purposes, however, these indices will be replaced with the NASDAQ Industrial Transportation Index and the S&P 500 Total Return Index going forward.
Cumulative Total Return
| 12/31/09 | 12/31/10 | 12/31/11 | 12/31/12 | 12/31/13 | 12/31/14 | |||||||||||||||||||
| Old Dominion Freight Line, Inc. | $ | 100 | $ | 156 | $ | 198 | $ | 251 | $ | 389 | $ | 569 | ||||||||||||
| New Indices: | ||||||||||||||||||||||||
| S&P 500 Total Return Index | $ | 100 | $ | 115 | $ | 117 | $ | 136 | $ | 180 | $ | 205 | ||||||||||||
| NASDAQ Industrial Transportation Index | $ | 100 | $ | 132 | $ | 138 | $ | 147 | $ | 208 | $ | 253 | ||||||||||||
| Former Indices: | ||||||||||||||||||||||||
| NASDAQ Trucking & Transportation Stocks | $ | 100 | $ | 137 | $ | 116 | $ | 122 | $ | 162 | $ | 201 | ||||||||||||
| The NASDAQ Stock Market (US) | $ | 100 | $ | 118 | $ | 119 | $ | 141 | $ | 196 | $ | 226 |
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