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 2015 and fiscal 2014 are as follows:
| Fiscal 2015 | Fiscal 2014 | |||||||||||||||
| Quarter | High | Low | High | Low | ||||||||||||
| First | $ | 62.37 | $ | 55.82 | $ | 49.71 | $ | 43.43 | ||||||||
| Second | $ | 59.95 | $ | 51.91 | $ | 54.08 | $ | 48.71 | ||||||||
| Third | $ | 64.20 | $ | 52.76 | $ | 61.29 | $ | 50.31 | ||||||||
| Fourth | $ | 69.84 | $ | 59.69 | $ | 64.38 | $ | 56.47 |
The approximate number of common shareholders at January 31, 2015 was 132,600.
Our Board of Directors declared four quarterly dividends of $0.175 per share for fiscal 2015 and $0.145 per share for fiscal 2014. While our dividend policy is subject to periodic review by our Board of Directors, we are currently planning to pay a $0.21 per share quarterly dividend in fiscal 2016, 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 2015 and the average price paid per share are as follows:
| Total Number of Shares Repurchased(1) | Average Price Paid Per Share(2) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(3) | Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs | |||||||||||||
| November 2, 2014 through November 29, 2014 | 2,005,940 | $ | 63.56 | 2,005,940 | $ | 1,594,150,483 | ||||||||||
| November 30, 2014 through January 3, 2015 | 2,331,451 | $ | 66.48 | 2,331,451 | $ | 1,439,150,544 | ||||||||||
| January 4, 2015 through January 31, 2015 | 1,861,092 | $ | 67.16 | 1,861,092 | $ | 1,314,150,583 | ||||||||||
| Total: | 6,198,483 | 6,198,483 |
| (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 2015, TJX completed the $1.5 billion program announced in February 2013 and initiated a $2.0 billion stock repurchase program announced in February 2014. Under this program, we repurchased a total of 10.8 million shares (including 6.2 million in the fourth quarter) at a cost of $686 million in fiscal 2015 and as of January 31, 2015 approximately $1.3 billion remained available for purchase. Additionally, on February 25, 2015, we announced our 16th stock repurchase program authorizing an additional $2.0 billion in repurchases from time to time. |
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