filings.toolsItem 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
5K characters. Original on sec.gov · Markdown
Item 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common shares are listed on the New York Stock Exchange (Symbol: PHM).
Related Stockholder Matters
The table below sets forth, for the quarterly periods indicated, the range of high and low closing prices and cash dividends declared per share.
| December 31, 2011 | December 31, 2010 | ||||||||||||||||||||||
| High | Low | Declared Dividend | High | Low | Declared Dividend | ||||||||||||||||||
| 1st Quarter | $ | 8.69 | $ | 6.54 | $ | — | $ | 11.74 | $ | 10.22 | $ | — | |||||||||||
| 2nd Quarter | 8.44 | 6.93 | — | 13.39 | 8.28 | — | |||||||||||||||||
| 3rd Quarter | 7.84 | 3.61 | — | 9.07 | 7.84 | — | |||||||||||||||||
| 4th Quarter | 6.48 | 3.54 | — | 8.73 | 6.2 | — |
At February 1, 2012, there were 3,106 shareholders of record.
Issuer Purchases of Equity Securities (1)
| (a) Total number of shares purchased (2) | (b) Average price paid per share (2) | (c) Total number of shares purchased as part of publicly announced plans or programs | (d) Approximate dollar value of shares that may yet be purchased under the plans or programs ($000’s omitted) | ||||||||
| October 1, 2011 to October 31, 2011 | — | — | — | 102,342(1) | |||||||
| November 1, 2011 to November 30, 2011 | — | — | — | 102,342(1) | |||||||
| December 1, 2011 to December 31, 2011 | 134,219 | $ | 6.07 | — | 102,342(1) | ||||||
| Total | 134,219 | $ | 6.07 | — |
| (1) | Pursuant to the two $100 million stock repurchase programs authorized and announced by our Board of Directors in October 2002 and October 2005 and the $200 million stock repurchase authorized and announced in February 2006 (for a total stock repurchase authorization of $400 million), the Company has repurchased a total of 9,688,900 shares for a total of $297.7 million. There are no expiration dates for the programs. |
| (2) | During the fourth quarter of 2011, a total of 134,219 shares were surrendered by employees for payment of minimum tax obligations upon the vesting of restricted stock. Such shares were not repurchased as part of our publicly-announced stock repurchase programs. |
The information required by this item with respect to equity compensation plans is set forth under Item 12 of this annual report on Form 10-K and is incorporated herein by reference.
Performance Graph
The following line graph compares for the fiscal years ended December 31, 2007, 2008, 2009, 2010, and 2011 (a) the yearly cumulative total shareholder return (i.e., the change in share price plus the cumulative amount of dividends, assuming dividend reinvestment, divided by the initial share price, expressed as a percentage) on PulteGroup’s common shares, with (b) the cumulative total return of the Standard & Poor’s 500 Stock Index, and with (c) the Dow Jones U.S. Select Home Construction Index. The Dow Jones U.S. Select Home Construction Index is a widely-recognized index comprised primarily of large national homebuilders. We believe comparison of our shareholder return to this index represents a meaningful analysis for investors.
COMPARISON OF FIVE YEAR CUMULATIVE TOTAL RETURN*
AMONG PULTEGROUP, INC., S&P 500 INDEX, AND PEER INDEX
Fiscal Year Ended December 31, 2011
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |||||||||||||
| PULTEGROUP, INC. | 100.00 | 32.13 | 33.75 | 30.88 | 23.22 | 19.48 | ||||||||||||
| S&P 500 Index - Total Return | 100.00 | 105.49 | 66.46 | 84.05 | 96.71 | 98.76 | ||||||||||||
| Dow Jones U.S. Select Home Construction Index | 100.00 | 42.58 | 25.46 | 26.25 | 29.19 | 26.70 |
- Assumes $100 invested on December 31, 2006, and the reinvestment of dividends.
Previous: Item 4A. EXECUTIVE OFFICERS OF THE REGISTRANT · Next: Item 6. SELECTED FINANCIAL DATA