Macy's 2014 Annual Report Download - page 16

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11
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 31, 2015, the Company had
approximately 17,700 stockholders of record. The following table sets forth for each fiscal quarter during 2014 and 2013
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.
2014 2013
Low High Dividend Low High Dividend
1st Quarter................................................................ 50.05 61.26 0.2500 38.52 46.45 0.2000
2nd Quarter .............................................................. 54.82 60.34 0.3125 45.72 50.77 0.2500
3rd Quarter............................................................... 54.84 63.10 0.3125 42.18 49.72 0.2500
4th Quarter ............................................................... 55.64 68.30 0.3125 45.59 56.65 0.2500
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 2014.
Total
Number
of Shares
Purchased
Average
Price per
Share ($)
Number of Shares
Purchased under
Program (1)
Open
Authorization
Remaining (1)($)
(thousands) (thousands) (millions)
November 2, 2014 – November 29, 2014...................... 1,357 62.80 1,357 1,364
November 30, 2014 – January 3, 2015 .......................... 3,144 63.11 3,144 1,166
January 4, 2015 – January 31, 2015............................... 2,054 65.01 2,054 1,032
6,555 63.64 6,555
___________________
(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 $15 billion of Common Stock. All authorizations are cumulative and do not have an
expiration date. As of January 31, 2015, $1,032 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.