Macy's 2010 Annual Report Download - page 19

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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities.
The Common Stock is listed on the NYSE under the trading symbol “M.” As of January 29, 2011, the
Company had approximately 23,000 stockholders of record. The following table sets forth for each fiscal quarter
during 2010 and 2009 the high and low sales prices per share of Common Stock as reported on the NYSE
Composite Tape and the dividend declared with respect to each fiscal quarter on each share of Common Stock.
2010 2009
Low High Dividend Low High Dividend
1st Quarter ....................................... 15.34 25.25 0.0500 6.27 14.09 0.0500
2nd Quarter ....................................... 16.93 24.84 0.0500 10.27 15.29 0.0500
3rd Quarter ....................................... 18.70 25.26 0.0500 13.58 20.84 0.0500
4th Quarter ....................................... 22.78 26.32 0.0500 15.39 19.77 0.0500
The declaration and payment of future dividends will be at the discretion of the Company’s Board of
Directors, are subject to restrictions under the Company’s credit facility and may be affected by various other
factors, including the Company’s earnings, financial condition and legal or contractual restrictions.
The following table provides information regarding the Company’s purchases of Common Stock during the
fourth quarter of 2010.
Total
Number
of Shares
Purchased
Average
Price per
Share ($)
Number of Shares
Purchased under
Program (1)
Open
Authorization
Remaining (1)($)
(thousands) (thousands) (millions)
October 31, 2010 – November 27, 2010 ............ – – – 852
November 28, 2010 – January 1, 2011 ............. – – – 852
January 2, 2011 – January 29, 2011 ............... – – – 852
–– –
(1) Commencing in January 2000, the Company’s board of directors has from time to time approved
authorizations to purchase, in the aggregate, up to $9,500 million of Common Stock. All authorizations are
cumulative and do not have an expiration date. As of January 29, 2011, $852 million of authorization
remained unused. Although the Company has not made any purchases of Common Stock since February 1,
2008 and currently does not intend to make any such purchases in 2011, it may resume purchases of
Common Stock under these or possible future authorizations in the open market, in privately negotiated
transactions or otherwise at any time and from time to time without prior notice.
13