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
Information with respect to the market for our common stock is in Selected Consolidated Financial Data beginning on page F-1 of this Form 10-K and is incorporated herein by reference.
On September 30, 2017, the close of our fiscal year, and on November 27, 2017, our common stock was held by 1,219 and 1,209 shareholders of record, respectively.
We do not pay cash dividends on our common stock and we retain earnings for use in our business or to repurchase our shares. Although we review our dividend policy periodically, our review may not cause us to pay any dividends in the future. Further, our debt instruments require us to maintain specified leverage and fixed-charge ratios that limit the amount of dividends that we could pay. (See "Credit Agreements" and "Outstanding Notes" under Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources.)
The table below shows the shares of our common stock we repurchased in the fourth quarter of 2017.
| Period (1) | Total Number of Shares (or Units) Purchased | Average Price Paid per Share (or Unit) | Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs | ||||
| July 2, 2017 - July 29, 2017 | — | — | — | $375,066,435 (2) | ||||
| July 30, 2017 - August 26, 2017 | 73,000 | $ | 54.59 | 73,000 | $371,081,478 (2) | |||
| August 27, 2017 - September 30, 2017 | 216,100 | $ | 55.58 | 216,100 | $0 (2) | |||
| Total | 289,100 | $ | 55.33 | 289,100 | $0 (2) |
(1) Periods are our fiscal months within the fiscal quarter.
(2) In 2014, our Board authorized us to repurchase up to $600 million worth of our shares in the period August 4, 2014 through September 30, 2017, which repurchase program we announced on August 4, 2014. On September 14, 2017, our Board of Directors authorized us to repurchase up to $500 million of our
common stock for the period October 1, 2017 through September 30, 2020, which program we announced on September 19, 2017.
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