Macy's 2011 Annual Report Download - page 16

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10
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 28, 2012, the Company had
approximately 21,000 stockholders of record. The following table sets forth for each fiscal quarter during 2011 and 2010 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.
2011 2010
Low High Dividend Low High Dividend
1st Quarter......................................................................... 21.69 25.99 0.0500 15.34 25.25 0.0500
2nd Quarter ....................................................................... 23.98 30.62 0.1000 16.93 24.84 0.0500
3rd Quarter........................................................................ 22.66 32.35 0.1000 18.70 25.26 0.0500
4th Quarter ........................................................................ 28.69 35.92 0.1000 22.78 26.32 0.0500
On January 5, 2012, the Company's board of directors declared a quarterly dividend of 20 cents per diluted share on its
common stock, payable April 2, 2012 to shareholders of record at the close of business on March 15, 2012. 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 2011.
Total
Number
of Shares
Purchased
Average
Price per
Share ($)
Number of Shares
Purchased under
Program (1)
Open
Authorization
Remaining (1)($)
(thousands) (thousands) (millions)
October 30, 2011 – November 26, 2011.............................. 928 30.76 928 602
November 27, 2011 – December 31, 2011.......................... — — — 602
January 1, 2012 – January 28, 2012 .................................... 7,266 34.41 7,266 1,352
8,194 34.00 8,194
___________________
(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 $10,500 million of Common Stock. All authorizations are cumulative and do not have an
expiration date. As of January 28, 2012, $1,352 million of authorization remained unused. The Company may continue,
discontinue or 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.