DuPont 2005 Annual Report Download - page 16

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Part II
Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF
EQUITY SECURITIES
Market for Registrant’s Common Equity and Related Stockholder Matters
The company’s common stock is listed on the New York Stock Exchange, Inc. (symbol DD) and certain non-U.S. exchanges.
The number of record holders of common stock was 100,861 at December 31, 2005, and 100,358 at January 31, 2006.
Holders of the company’s common stock are entitled to receive dividends when they are declared by the Board of Directors.
While it is not a guarantee of future conduct, the company has continuously paid a quarterly dividend since the fourth quarter
1904. Dividends on common stock and preferred stock are usually declared in January, April, July and October. When
dividends on common stock are declared, they are usually paid mid March, June, September and December. Preferred
dividends are paid on or about the 25th of January, April, July and October. The Stock Transfer Agent and Registrar is
Computershare Trust Company, N.A. (formerly EquiServe Trust Company, N.A.).
The company’s quarterly high and low trading stock prices and dividends per common share for 2005 and 2004 are shown below.
Quarterly High/Low
Market Prices
Market Prices of Per Share
Common Stock High Low Dividend Declared
2005
First Quarter $54.90 $45.74 $0.35
Second Quarter 51.88 42.76 0.37
Third Quarter 44.75 37.87 0.37
Fourth Quarter 43.81 37.60 0.37
2004
First Quarter $46.25 $40.45 $0.35
Second Quarter 45.20 40.84 0.35
Third Quarter 44.78 39.88 0.35
Fourth Quarter 49.39 40.98 0.35
Issuer Purchases of Equity Securities
The following table summarizes information with respect to the company’s purchases of its common stock during 2005:
2001 Plan 2005 Plan
Total Approximate Total Approximate
Number of Value of Number of Value of
Shares Purchased Shares That Shares Purchased Shares That
Total Average as Part of May Yet be as Part of May Yet be
Number of Price Publicly Purchased Publicly Purchased
Shares Paid Per Announced (Dollars in Announced (Dollars in
Month Purchased1Share Program2millions) Program3millions)
January 410 $49.13 – $ –
February 6,389,490 51.40 6,386,300 1,215
March 1,443,871 53.41 1,443,500 1,138
May 2,115,000 47.33 2,115,000 1,038
October 75,719,334 39.62 75,719,334 $2,000
December 121 42.27 — —
Total 85,668,226 $40.92 9,944,800 75,719,334
1Includes 4,092 shares related to net option exercises to pay the exercise price of options.
2In June 2001, the Board of Directors authorized up to $2 billion for repurchases of the company’s common stock. There is no expiration date on the current
authorization and no determination has been made by the company to suspend or cancel purchases under the program.
3In October 2005, the Board of Directors authorized a $5 billion share buyback plan. On October 24, 2005, the company entered into an accelerated share
repurchase agreement with Goldman, Sachs & Co. (Goldman Sachs) under which the company agreed to repurchase from Goldman Sachs shares of DuPont’s
outstanding common stock for an aggregate purchase price of approximately $3 billion. Under the agreement, the company purchased and retired 75,719,334 shares
of DuPont’s common stock. There is no expiration date on the current authorization and no determination has been made by the company to suspend or cancel
purchases under the program.
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