Lexmark 2015 Annual Report Download - page 27

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23
Part II
Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER
PURCHASES OF EQUITY SECURITIES
Market Information
Lexmark’s Class A Common Stock is traded on the New York Stock Exchange under the symbol “LXK.” As of February 12, 2016
there were 1,550 holders of record of the Class A Common Stock and there were no holders of record of the Class B Common Stock.
Information regarding the market prices of the Company’s Class A Common Stock appears in Part II, Item 8, Note 22 of the Notes to
Consolidated Financial Statements.
Dividend Policy
A dividend of $0.30 per common share was declared on February 20, 2014. Dividends of $0.36 per common share were declared on
April 24, 2014, July 24, 2014, October 23, 2014, February 19, 2015, April 21, 2015, July 23, 2015, October 22, 2015 and February 18,
2016. Refer to Part II, Item 8, Notes 15 and 21 of the Notes to Consolidated Financial Statements for more information regarding
dividends.
Lexmark is continuing to execute on its stated capital allocation framework of returning, on average, more than 50 percent of free cash
flow (net cash flows provided by operating activities minus purchases of property, plant and equipment plus proceeds from sale of
property, plant and equipment) to its shareholders through dividends and share repurchases while pursuing acquisitions and organic
investments that support the strengthening and growth of the Company. The Company anticipates paying dividends quarterly, though
future declarations of dividends are subject to Board of Directors’ approval and may be adjusted as business needs or market
conditions change.
Issuer Purchases of Equity Securities
Period
Total Number of
Shares Purchased
Average Price
Paid per Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
Approximate
Dollar Value of
Shares that May
Yet Be Purchased
Under the Plans or
Programs (in
millions) (1)
October 1-31, 2015
–
$
–
–
$
58.9
November 1-30, 2015
–
–
–
58.9
December 1-31, 2015
9,939
33.50
–
58.6
Total
9,939
$
33.50
–
(1) Information regarding the Company’s share repurchases can be found in Part II, Item 8, Note 15 of the Notes to Consolidated
Financial Statements.