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
Market Price of Common Stock
Our common stock is listed and traded on the New York Stock Exchange. The following table sets forth the high and low per share closing sale prices for our common stock on that exchange for each quarter in fiscal years 2016 and 2015.
| 2016 Fiscal Quarters | |||||||||||||||
| First | Second | Third | Fourth | ||||||||||||
| High | $53.01 | $55.56 | $56.92 | $56.43 | |||||||||||
| Low | 41.45 | 48.58 | 51.94 | 49.95 | |||||||||||
| 2015 Fiscal Quarters | |||||||||||||||
| First | Second | Third | Fourth | ||||||||||||
| High | $51.09 | $54.29 | $53.00 | $54.36 | |||||||||||
| Low | 42.66 | 50.30 | 44.45 | 46.74 |
As of February 24, 2017, we had approximately 4,079 holders of record of our common stock.
Stock Repurchase Program
We did not repurchase any of our common stock under our share repurchase program during the fourth quarter of fiscal year 2016.
Dividends
During fiscal years 2016 and 2015, we declared regular quarterly cash dividends on our common stock. The table below sets forth the cash dividends per share that we declared on our common stock during each of those fiscal years, by quarter.
| 2016 Fiscal Quarters | 2016 Total | ||||||||||||||||||
| First | Second | Third | Fourth | ||||||||||||||||
| Cash dividends declared per common share | $ | 0.07 | $ | 0.07 | $ | 0.07 | $ | 0.07 | $ | 0.28 | |||||||||
| 2015 Fiscal Quarters | 2015 Total | ||||||||||||||||||
| First | Second | Third | Fourth | ||||||||||||||||
| Cash dividends declared per common share | $ | 0.07 | $ | 0.07 | $ | 0.07 | $ | 0.07 | $ | 0.28 |
While it is our current intention to pay regular quarterly cash dividends, any decision to pay future cash dividends will be made by our Board and will depend on our earnings, financial condition and other factors. Our Board may reduce or eliminate our common stock dividend in order to fund investments for growth, repurchase shares or conserve capital resources. For further information related to our stockholders’ equity, see Note 19 to our consolidated financial statements included in this annual report on Form 10-K.
Stock Performance Graph
Set forth below is a line graph comparing the cumulative total shareholder return on our common stock against the cumulative total return of the S&P Composite-500 Index and a Peer Group Index for the five fiscal years from January 1, 2012 to January 1, 2017. Our Peer Group Index consists of Agilent Technologies Inc., Thermo Fisher Scientific Inc. ("Thermo Fisher"), and Waters Corporation. The peer group is the same as the peer group used in the stock performance graph in our Annual Report on Form 10-K for the fiscal year ended January 3, 2016, except that it does not include Affymetrix, Inc., which has been excluded due to its acquisition by Thermo Fisher during fiscal year 2016.
Comparison of Five-Year Cumulative Total Return
PerkinElmer, Inc. Common Stock, S&P Composite-500 and
Peer Group Index
TOTAL RETURN TO SHAREHOLDERS
(Includes reinvestment of dividends)
| 01-Jan-12 | 30-Dec-12 | 29-Dec-13 | 28-Dec-14 | 3-Jan-16 | 1-Jan-17 | ||||||||||||||||||
| PerkinElmer, Inc. | $ | 100.00 | $ | 156.82 | $ | 209.82 | $ | 226.00 | $ | 276.32 | $ | 270.47 | |||||||||||
| S&P 500 Index | $ | 100.00 | $ | 116.00 | $ | 153.58 | $ | 174.60 | $ | 177.01 | $ | 198.18 | |||||||||||
| Peer Group | $ | 100.00 | $ | 127.78 | $ | 199.93 | $ | 223.68 | $ | 247.56 | $ | 251.59 |
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