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
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 2014 and fiscal 2013 are as follows:
| Fiscal 2014 | Fiscal 2013 | |||||||||||||||
| Quarter | High | Low | High | Low | ||||||||||||
| First | $ | 49.71 | $ | 43.43 | $ | 42.56 | $ | 33.41 | ||||||||
| Second | $ | 54.08 | $ | 48.71 | $ | 45.39 | $ | 39.46 | ||||||||
| Third | $ | 61.29 | $ | 50.31 | $ | 46.67 | $ | 40.38 | ||||||||
| Fourth | $ | 64.38 | $ | 56.47 | $ | 45.64 | $ | 40.08 |
The approximate number of common shareholders at February 1, 2014 was 142,700.
Our Board of Directors declared four quarterly dividends of $0.145 per share for fiscal 2014 and $0.115 per share for fiscal 2013. While our dividend policy is subject to periodic review by our Board of Directors, we are currently planning to pay a $0.175 per share quarterly dividend in fiscal 2015, 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 2014 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) | |||||||||||||
| November 3, 2013 through November 30, 2013 | 1,645,791 | $ | 62.57 | 1,645,791 | $ | 1,321,755,068 | ||||||||||
| December 1, 2013 through January 4, 2014 | 3,165,900 | $ | 62.54 | 3,165,900 | $ | 1,123,760,477 | ||||||||||
| January 5, 2014 through February 1, 2014 | 2,491,326 | $ | 61.81 | 2,491,326 | $ | 969,760,788 | ||||||||||
| Total: | 7,303,017 | 7,303,017 |
| (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 third quarter of fiscal 2014, TJX completed the $2 billion program authorized in January 2012 and initiated a $1.5 billion stock repurchase program announced in February 2013. Under this program, we repurchased a total of 8.6 million shares (including 7.3 million in the fourth quarter) at a cost of $530 million in fiscal 2014 and as of February 1, 2014 approximately $970 million remained available for purchase. Additionally, on February 26, 2014, we announced our 15th stock repurchase program authorizing an additional $2.0 billion in repurchases from time to time. |
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