Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
2K characters. Original on sec.gov ·
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Our common stock is traded on the New York Stock Exchange and the SIX Swiss Exchange under the symbol “ZBH.” The high and low sales prices for our common stock on the New York Stock Exchange and the dividends declared for the calendar quarters of fiscal years 2017 and 2016 are as follows:
QUARTERLY HIGH-LOW SHARE PRICES AND DECLARED DIVIDENDS
| High | Low | Declared Dividends | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year Ended December 31, 2017: | ||||||||||||
| First Quarter | $ | 122.11 | $ | 103.33 | $ | 0.24 | ||||||
| Second Quarter | $ | 129.39 | $ | 116.54 | $ | 0.24 | ||||||
| Third Quarter | $ | 132.61 | $ | 110.13 | $ | 0.24 | ||||||
| Fourth Quarter | $ | 124.46 | $ | 108.72 | $ | 0.24 | ||||||
| Year Ended December 31, 2016: | ||||||||||||
| First Quarter | $ | 107.22 | $ | 88.27 | $ | 0.24 | ||||||
| Second Quarter | $ | 123.43 | $ | 105.53 | $ | 0.24 | ||||||
| Third Quarter | $ | 133.19 | $ | 119.22 | $ | 0.24 | ||||||
| Fourth Quarter | $ | 133.21 | $ | 95.63 | $ | 0.24 |
We expect to continue paying cash dividends on a quarterly basis; however, future dividends are subject to approval of the Board of Directors and may be adjusted as business needs or market conditions change. As further discussed in Note 11 to the consolidated financial statements, our debt facilities restrict the payment of dividends under certain circumstances.
As of February 16, 2018, there were approximately 22,000 holders of record of our common stock. A substantially greater number of holders of our common stock are “street name” or beneficial holders, whose shares of record are held by banks, brokers and other financial institutions. On February 16, 2018, the closing price of our common stock, as reported on the New York Stock Exchange, was $120.48 per share.
The information required by this Item concerning equity compensation plans is incorporated herein by reference to Item 12 of this report.
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