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 2016 and fiscal 2015 are as follows:
| Fiscal 2016 | Fiscal 2015 | |||||||||||||||
| Quarter | High | Low | High | Low | ||||||||||||
| First | $ | 71.03 | $ | 63.66 | $ | 62.37 | $ | 55.82 | ||||||||
| Second | $ | 70.52 | $ | 64.30 | $ | 59.95 | $ | 51.91 | ||||||||
| Third | $ | 76.93 | $ | 67.25 | $ | 64.20 | $ | 52.76 | ||||||||
| Fourth | $ | 74.65 | $ | 63.53 | $ | 69.84 | $ | 59.69 |
The approximate number of common shareholders at January 30, 2016 was 152,500.
Our Board of Directors declared four quarterly dividends of $0.21 per share for fiscal 2016 and $0.175 per share for fiscal 2015. While our dividend policy is subject to periodic review by our Board of Directors, we are currently planning to pay a $0.26 per share quarterly dividend in fiscal 2017, 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 2016 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 1, 2015 through November 28, 2015 | 2,322,030 | $ | 69.47 | 2,322,030 | $ | 1,839,083,436 | ||||||||||
| November 29, 2015 through January 2, 2016 | 2,061,924 | $ | 70.81 | 2,061,924 | $ | 1,693,083,493 | ||||||||||
| January 3, 2016 through January 30, 2016 | 2,956,614 | $ | 68.43 | 2,956,614 | $ | 3,490,760,082 | ||||||||||
| Total: | 7,340,568 | 7,340,568 |
| (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 fourth quarter of fiscal 2016, TJX completed the $2.0 billion program announced in February 2014 and initiated a $2.0 billion stock repurchase program announced in February 2015. Under this program, we repurchased a total of 7.3 million shares at a cost of $509 million in the fourth quarter of 2016 and as of January 30, 2016, approximately $1.5 billion remained available for purchase under this plan. Additionally, as announced on February 24, 2016, our Board approved our 17th stock repurchase program in late January to authorize an additional $2.0 billion in repurchases from time to time, which is included in the table above. |
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