filings.toolsItem 5. Market for the Registrant’s Common Equity, Related Security Holder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for the Registrant’s Common Equity, Related Security Holder Matters and Issuer Purchases of Equity Securities
On February 2, 2012, we effected a two-for-one stock split in the form of a stock dividend to shareholders of record as of January 17, 2012. All share and per share information has been retroactively adjusted to reflect the stock split.
Price Range of Common Stock
Our common stock is listed on the New York Stock Exchange (Symbol: TJX). The quarterly high and low sale prices for our common stock for fiscal 2013 and fiscal 2012 are as follows:
| Fiscal 2013 | Fiscal 2012 | |||||||||||||||
| Quarter | High | Low | High | Low | ||||||||||||
| First | $ | 42.56 | $ | 33.41 | $ | 27.00 | $ | 23.48 | ||||||||
| Second | $ | 45.39 | $ | 39.46 | $ | 28.39 | $ | 24.60 | ||||||||
| Third | $ | 46.67 | $ | 40.38 | $ | 30.64 | $ | 25.07 | ||||||||
| Fourth | $ | 45.64 | $ | 40.08 | $ | 34.22 | $ | 28.60 |
The approximate number of common shareholders at February 2, 2013 was 107,800.
Our Board of Directors declared four quarterly dividends of $0.115 per share for fiscal 2013 and $0.095 per share for fiscal 2012. While our dividend policy is subject to periodic review by our Board of Directors, we are currently planning to pay a $0.145 per share quarterly dividend in fiscal 2014, subject to declaration and approval by our Board of Directors, and currently intend to continue to pay comparable dividends in the future.
Information on Share Repurchases
The number of shares of common stock repurchased by TJX during the fourth quarter of fiscal 2013 and the average price paid per share are as follows:
| Total Number of Shares Repurchased(1) (a) | Average Price Paid Per Share(2) (b) | Total Number of Shares Purchased as Part of a Publicly Announced Plan or Program(3) (c) | Maximum Number (or Approximate Dollar Value) of Shares that May Yet be Purchased Under the Plans or Programs (d) | |||||||||||||
| October 28, 2012 through November 24, 2012 | 2,239,417 | $ | 41.98 | 2,239,417 | $ | 1,180,719,276 | ||||||||||
| November 25, 2012 through December 29, 2012 | 2,974,339 | $ | 43.03 | 2,974,339 | $ | 1,052,719,350 | ||||||||||
| December 30, 2012 through February 2, 2013 | 2,885,100 | $ | 44.37 | 2,885,100 | $ | 924,719,463 | ||||||||||
| Total: | 8,098,856 | 8,098,856 |
| (1) | Repurchased under publicly announced stock repurchase programs. |
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| (2) | Includes commissions for the shares repurchased under stock repurchase programs. |
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| (3) | During the first quarter of fiscal 2013, we completed a $1 billion stock repurchase program announced in February 2011 and initiated a $2 billion stock repurchase program announced in February 2012. Under this new program, we repurchased a total of 24.7 million shares of common stock (including 8.1 million in shares in the fourth quarter) at a cost of $1.1 billion in fiscal 2013. Additionally, in February 2013, we announced our 14th stock repurchase program for an additional $1.5 billion. |
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