Macy's 2015 Annual Report Download - page 17

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12
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 30, 2016, the Company had
approximately 16,800 stockholders of record. The following table sets forth for each quarter during 2015 and 2014 the high
and low sales prices per share of Common Stock as reported on the NYSE and the dividends declared with respect to each
quarter on each share of Common Stock.
2015 2014
Low High Dividend Low High Dividend
1st Quarter................................................................ 61.10 69.98 0.3125 50.05 61.26 0.2500
2nd Quarter .............................................................. 62.80 73.61 0.3600 54.82 60.34 0.3125
3rd Quarter............................................................... 47.10 70.12 0.3600 54.84 63.10 0.3125
4th Quarter ............................................................... 34.05 52.48 0.3600 55.64 68.30 0.3125
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 2015.
Total
Number
of Shares
Purchased
Average
Price per
Share ($)
Number of Shares
Purchased under
Program (1)
Open
Authorization
Remaining (1)($)
(thousands) (thousands) (millions)
November 1, 2015 – November 28, 2015...................... 2,486 38.85 2,486 599
November 29, 2015 – January 2, 2016 .......................... 1,709 38.93 1,709 532
January 3, 2016 – January 30, 2016............................... — — — 532
4,195 38.88 4,195
___________________
(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 $16.5 billion of Common Stock. All authorizations are cumulative and do not have
an expiration date. As of January 30, 2016, $532 million of authorization remained unused. On February 26, 2016,
the Company's board of directors approved an additional $1,500 million in authorization to purchase Common Stock,
bringing the Company's remaining authorization under its share repurchase program including this increase to $2,032
million. 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.