filings.toolsItem 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
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Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is traded on the New York Stock Exchange (ticker symbol VMC). As of February 11, 2016, the number of shareholders of record was 3,016. The prices in the following table represent the high and low sales prices for our common stock as reported on the New York Stock Exchange and the quarterly dividends declared by our Board of Directors in 2015 and 2014.
| Common Stock Prices | Dividends | |||||||
| High | Low | Declared | ||||||
| 2015 | ||||||||
| First quarter | $ 86.25 | $ 64.28 | $ 0.10 | |||||
| Second quarter | $ 93.07 | $ 80.58 | $ 0.10 | |||||
| Third quarter | $ 102.65 | $ 84.10 | $ 0.10 | |||||
| Fourth quarter | $ 106.84 | $ 87.40 | $ 0.10 | |||||
| 2014 | ||||||||
| First quarter | $ 69.50 | $ 57.55 | $ 0.05 | |||||
| Second quarter | $ 68.29 | $ 58.88 | $ 0.05 | |||||
| Third quarter | $ 66.55 | $ 60.20 | $ 0.06 | |||||
| Fourth quarter | $ 69.10 | $ 54.10 | $ 0.06 |
The future payment of dividends is within the discretion of our Board of Directors and depends on our profitability, capital requirements, financial condition, business opportunities and other factors which our Board of Directors deems relevant. We are not a party to any contracts or agreements that currently materially limit our ability to pay dividends.
On February 12, 2016, our Board declared a dividend of twenty cents per share for the first quarter of 2016. This represents a ten cent per share increase over the prior quarter.
ISSUER PURCHASES OF EQUITY SECURITIES
Purchases of our equity securities during the quarter ended December 31, 2015 are summarized below.
| Total Number | Maximum | ||||||||||
| of Shares | Number of | ||||||||||
| Purchased as | Shares that | ||||||||||
| Total | Part of Publicly | May Yet Be | |||||||||
| Number of | Average | Announced | Purchased | ||||||||
| Shares | Price Paid | Plans or | Under the Plans | ||||||||
| Period | Purchased | Per Share | Programs 1 | or Programs | |||||||
| 2015 | |||||||||||
| Oct 1 - Oct 31 | 0 | $ 0.00 | 0 | 3,411,416 | |||||||
| Nov 1 - Nov 30 | 0 | $ 0.00 | 0 | 3,411,416 | |||||||
| Dec 1 - Dec 31 | 228,000 | $ 94.19 | 228,000 | 3,183,416 | |||||||
| Total | 228,000 | $ 94.19 | 228,000 |
| 1 | On February 10, 2006, our Board of Directors authorized us to purchase up to 10,000,000 shares. As of December 31, 2015, there were 3,183,416 shares remaining under the authorization. Depending upon market, business, legal and other conditions, we may make share purchases from time to time through open market purchases, privately negotiated transactions and/or plans designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934. The authorization has no time limit, does not obligate us to purchase any specific number of shares, and may be suspended or discontinued at any time. |
We did not have any unregistered sales of equity securities during the fourth quarter of 2015.
| Part II | 26 |
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