filings.toolsItem 5. MARKET FOR REGISTRANTS’ COMMON EQUITY, RELATED
4K characters. Original on sec.gov · Markdown
Item 5. MARKET FOR REGISTRANTS’ COMMON EQUITY, RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Pinnacle West’s common stock is publicly held and is traded on the New York Stock Exchange. At the close of business on February 12, 2016, Pinnacle West’s common stock was held of record by approximately 20,570 shareholders.
QUARTERLY STOCK PRICES AND DIVIDENDS PAID PER SHARE
STOCK SYMBOL: PNW
| Dividends | ||||||||||||||||
| 2015 | High | Low | Close | Per Share | ||||||||||||
| 1st Quarter | $ | 73.31 | $ | 61.53 | $ | 63.75 | $ | 0.595 | ||||||||
| 2nd Quarter | 64.95 | 56.01 | 56.89 | 0.595 | ||||||||||||
| 3rd Quarter | 65.23 | 56.77 | 64.14 | 0.595 | ||||||||||||
| 4th Quarter | 67.02 | 60.70 | 64.48 | 0.625 |
| Dividends | ||||||||||||||||
| 2014 | High | Low | Close | Per Share | ||||||||||||
| 1st Quarter | $ | 55.99 | $ | 51.15 | $ | 54.66 | $ | 0.5675 | ||||||||
| 2nd Quarter | 58.06 | 53.71 | 57.84 | 0.5675 | ||||||||||||
| 3rd Quarter | 57.95 | 52.13 | 54.64 | 0.5675 | ||||||||||||
| 4th Quarter | 71.11 | 54.59 | 68.31 | 0.595 |
APS’s common stock is wholly-owned by Pinnacle West and is not listed for trading on any stock exchange. As a result, there is no established public trading market for APS’s common stock.
The chart below sets forth the dividends paid on APS’s common stock for each of the four quarters for 2015 and 2014.
Common Stock Dividends
(Dollars in Thousands)
| Quarter | 2015 | 2014 | ||||||
| 1st Quarter | $ | 65,800 | $ | 62,500 | ||||
| 2nd Quarter | 65,900 | 62,600 | ||||||
| 3rd Quarter | 65,900 | 62,700 | ||||||
| 4th Quarter | 69,300 | 65,800 |
The sole holder of APS’s common stock, Pinnacle West, is entitled to dividends when and as declared out of legally available funds. As of December 31, 2015, APS did not have any outstanding preferred stock.
Issuer Purchases of Equity Securities
The following table contains information about our purchases of our common stock during the fourth quarter of 2015.
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs | |||||||||
| October 1 – October 31, 2015 | 61,471 | $ | 65.74 | — | — | ||||||||
| November 1 – November 30, 2015 | — | — | — | — | |||||||||
| December 1 – December 31, 2015 | — | — | — | — | |||||||||
| Total | 61,471 | $ | 65.74 | — | — |
| (1) | Represents shares of common stock withheld by Pinnacle West to satisfy tax withholding obligations upon the vesting of performance shares. |
Previous: Item 4. MINE SAFETY DISCLOSURES · Next: Item 6. SELECTED FINANCIAL DATA