HollyFrontier 2013 Annual Report Download - page 40

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32
PART II
Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities
Our common stock is traded on the New York Stock Exchange under the trading symbol “HFC.” The following table sets forth
the range of the daily high and low sales prices per share of common stock, dividends declared per share and the trading volume
of common stock for the periods indicated:
Years Ended December 31, High Low Dividends Trading Volume
2013
Fourth quarter $ 50.63 $ 39.65 $ 0.800 230,186,600
Third quarter $ 47.21 $ 38.98 $ 0.800 174,416,900
Second quarter $ 52.87 $ 39.96 $ 0.800 229,246,900
First quarter $ 59.20 $ 42.76 $ 0.800 217,439,700
2012
Fourth quarter $ 47.39 $ 36.22 $ 0.700 161,950,900
Third quarter $ 42.33 $ 33.92 $ 1.150 171,023,300
Second quarter $ 36.10 $ 28.05 $ 0.650 232,551,400
First quarter $ 36.45 $ 23.96 $ 0.600 230,380,300
In January 2012, our Board of Directors approved a $350 million stock repurchase program, and in June 2012, approved an
additional $350 million repurchase program that authorizes us to repurchase common stock in the open market or through privately
negotiated transactions. The timing and amount of stock repurchases will depend on market conditions, corporate, regulatory and
other relevant considerations. These programs may be discontinued at any time by the Board of Directors. The following table
includes repurchases made under this program during the fourth quarter of 2013.
Period Total Number of
Shares Purchased Average Price
Paid Per Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans or
Programs
Maximum Dollar
Value of Shares
that May Yet Be
Purchased under the
Plans or Programs
October 2013 423,800 $ 42.80 423,800 $ 313,327,358
November 2013 40,000 $ 43.90 40,000 $ 311,571,488
December 2013 (1) 475,000 $ 47.83 — $ 311,571,488
Total for October to December 2013 938,800 463,800
(1) The December 2013 shares repurchased were not purchased under our approved stock repurchase program, but rather pursuant
to separate authority from our Board of Directors. These repurchases were made in the open market.
As of February 11, 2014, we had approximately 127,580 stockholders, including beneficial owners holding shares in street name.
We intend to consider the declaration of a dividend on a quarterly basis, although there is no assurance as to future dividends since
they are dependent upon future earnings, capital requirements, our financial condition and other factors. Our credit agreement and
senior notes limit the payment of dividends. See Note 12 “Debt” in the Notes to Consolidated Financial Statements.
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