Nordstrom 2011 Annual Report Download - page 15

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Nordstrom, Inc. and subsidiaries 15
PART II
Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of
Equity Securities.
MARKET, SHAREHOLDER AND DIVIDEND INFORMATION
Our common stock, without par value, is traded on the New York Stock Exchange under the symbol “JWN.” The approximate number of holders
of common stock as of March 9, 2012 was 178,000, based upon the number of registered and beneficial shareholders, as well as the number of
employee shareholders in the Nordstrom 401(k) Plan and Profit Sharing Plan. On this date we had 207,923,668 shares of common stock outstanding.
The high and low prices of our common stock and dividends declared for each quarter of 2011 and 2010 are presented in the table below:
Common Stock Price
2011 2010 Dividends per Share
High Low High Low 2011 2010
1st Quarter $48.70 $40.03 $46.22 $32.78 $0.23 $0.16
2nd Quarter $52.15 $41.88 $44.00 $30.75 $0.23 $0.20
3rd Quarter $53.35 $37.28 $39.99 $28.44 $0.23 $0.20
4th Quarter $51.75 $44.22 $43.95 $38.34 $0.23 $0.20
Full Year $53.35 $37.28 $46.22 $28.44 $0.92 $0.76
SHARE REPURCHASES
Dollar and share amounts in millions, except per share amounts
Following is a summary of our fourth quarter share repurchases:
Total Number
of Shares
(or Units)
Purchased
Average
Price Paid
Per Share
(or Unit)
Total Number of
Shares (or Units)
Purchased as Part of
Publicly Announced
Plans or Programs
Maximum Number (or
Approximate Dollar Value)
of Shares (or Units) that May
Yet Be Purchased Under
the Plans or Programs1
November 2011
(October 30, 2011 to
November 26, 2011) 0.7 $48.96 0.7
$431
December 2011
(November 27, 2011 to
December 31, 2011) 1.62 $48.10 1.4
$363
January 2012
(January 1, 2012 to
January 28, 2012) 1.1 $49.17 1.1
$310
Total 3.4
$48.65
3.2
1In August 2010, our Board of Directors authorized a program (the “2010 Program”) to repurchase up to $500 of our outstanding common stock, through January 28, 2012. In May
2011, our Board of Directors authorized a new program (the “2011 Program”) to repurchase up to $750 of our outstanding common stock, through February 2, 2013, in addition to
the remaining amount available for repurchase under the 2010 Program. During 2011, we repurchased 18.5 shares of our common stock for an aggregate purchase price of $851.
We completed our 2010 Program in the second quarter of 2011, and as of January 28, 2012, had $310 in remaining share repurchase capacity under the 2011 Program.
Subsequent to year–end, in February 2012, our Board of Directors authorized a new program (the “2012 Program”) to repurchase up to $800 of our outstanding common stock,
through February 1, 2014, in addition to the amount available for repurchase under the 2011 Program. The actual number and timing of future share repurchases, if any, will be
subject to market and economic conditions and applicable Securities and Exchange Commission rules.
2Includes 0.2 of restricted stock units related to the HauteLook acquisition that were cancelled in connection with the HauteLook acquisition amendment.