Dollar General 2014 Annual Report Download - page 99

10-K
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our common stock is traded on the New York Stock Exchange under the symbol ‘‘DG.’’ The high
and low sales prices during each quarter in fiscal 2014 and 2013 were as follows:
First Second Third Fourth
2014 Quarter Quarter Quarter Quarter
High ................................ $61.18 $65.99 $65.10 $71.78
Low................................. $54.43 $53.00 $55.48 $62.50
First Second Third Fourth
2013 Quarter Quarter Quarter Quarter
High ................................ $53.00 $55.82 $59.87 $62.93
Low................................. $43.35 $48.61 $52.40 $55.08
On March 12, 2015, our stock price at the close of the market was $74.28 and there were
approximately 1,922 shareholders of record of our common stock.
Dividends
On March 10, 2015, our Board of Directors declared a quarterly cash dividend of $0.22 per share,
to be paid on April 22, 2015 to shareholders of record of our common stock on April 8, 2015. Prior to
March 2015, we had not declared or paid recurring dividends since March 2007. While the Board
intends to continue regular quarterly cash dividends, the declaration and payment of future cash
dividends are subject to the Board’s discretion based on an evaluation of our earnings performance,
financial condition, capital needs and other relevant factors.
Issuer Purchases of Equity Securities
The following table contains information regarding purchases of our common stock made during
the quarter ended January 30, 2015 by or on behalf of Dollar General or any ‘‘affiliated purchaser,’’ as
defined by Rule 10b-18(a)(3) of the Securities Exchange Act of 1934:
Approximate
Total Number Dollar Value
of Shares Purchased of Shares that May
Total Number Average as Part of Publicly Yet Be Purchased
of Shares Price Paid Announced Plans or Under the Plans
Period Purchased per Share Programs(a) or Programs(a)
11/01/14 - 11/30/14 ................. — $— — $223,417,000
12/01/14 - 12/31/14 ................. — $— — $223,417,000
01/01/15 - 01/30/15 ................. — $— — $223,417,000
Total ........................... — $— — $223,417,000
(a) A $500 million share repurchase program was publicly announced on September 5, 2012, and
increases in the authorization under such program were announced on March 25, 2013
($500 million increase) and December 5, 2013 ($1.0 billion increase). Under the authorization,
purchases may be made in the open market or in privately negotiated transactions from time to
time subject to market and other conditions. This repurchase authorization has no expiration date.
The share repurchase program was further increased on March 10, 2015 ($1.0 billion increase), but
such increase is not reflected in the table above as it was not in effect at the end of the 2014 fiscal
year.
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