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 2018 and fiscal 2017 are as follows:
| Fiscal 2018 | Fiscal 2017 | |||||||||||||||
| Quarter | High | Low | High | Low | ||||||||||||
| First | $ | 79.97 | $ | 73.25 | $ | 79.20 | $ | 66.82 | ||||||||
| Second | $ | 80.92 | $ | 66.66 | $ | 81.88 | $ | 72.43 | ||||||||
| Third | $ | 74.38 | $ | 68.89 | $ | 83.64 | $ | 72.51 | ||||||||
| Fourth | $ | 81.46 | $ | 66.44 | $ | 79.79 | $ | 71.50 |
The approximate number of common shareholders of record at February 3, 2018 was 2,260.
Our Board of Directors declared four quarterly dividends of $0.3125 per share for fiscal 2018 and $0.26 per share for fiscal 2017. While our dividend policy is subject to periodic review by our Board of Directors, we are currently planning to pay a $0.39 per share quarterly dividend in fiscal 2019, 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 2018 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(4) | |||||||||||
| October 29, 2017 through November 25, 2017 | 1,412,273 | $ | 69.39 | 1,412,273 | $ | 1,442,780,056 | ||||||||
| November 26, 2017 through December 30, 2017 | 2,114,512 | $ | 74.72 | 2,114,512 | $ | 1,284,779,833 | ||||||||
| December 31, 2017 through February 3, 2018 | 1,944,055 | $ | 77.90 | 1,912,816 | $ | 4,135,779,792 | ||||||||
| Total: | 5,470,840 | 5,439,601 |
| (1) | Consists of shares repurchased under publicly announced stock repurchase programs and 31,239 shares surrendered to satisfy tax withholding obligations in connection with the vesting of restricted stock awards. |
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| (2) | Includes commissions for the shares repurchased under stock repurchase programs. |
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| (3) | Consists of shares repurchased under publicly announced stock repurchase programs. |
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| (4) | In February 2018, the Company announced that its Board of Directors had approved a new stock repurchase program that authorizes the repurchase of up to an additional $3.0 billion of TJX common stock from time to time. In February 2016 and 2017, TJX announced stock repurchase programs authorizing an additional $2.0 billion and $1.0 billion in repurchases, respectively, from time to time, under which $1.1 billion remained available as of February 3, 2018. |
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