Oracle 2010 Annual Report Download - page 37

Table of Contents
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is traded on the NASDAQ Global Select Market under the symbol “ORCL” and has been traded on NASDAQ since our initial public offering
in 1986. According to the records of our transfer agent, we had 16,827 stockholders of record as of May 31, 2011. The following table sets forth the low and high
sale price of our common stock, based on the last daily sale, in each of our last eight fiscal quarters.
Fiscal 2011 Fiscal 2010
Low Sale
Price
High Sale
Price
Low Sale
Price
High Sale
Price
Fourth Quarter $ 30.20 $ 36.37 $ 21.91 $ 26.48
Third Quarter $ 27.65 $ 33.68 $ 21.91 $ 25.34
Second Quarter $ 22.48 $ 29.53 $ 20.34 $ 22.86
First Quarter $ 21.46 $ 24.64 $ 19.69 $ 22.33
We declared and paid cash dividends totaling $0.21 and $0.20 per outstanding common share over the course of fiscal 2011 and 2010, respectively.
In June 2011, our Board of Directors declared a quarterly cash dividend of $0.06 per share of outstanding common stock payable on August 3, 2011 to
stockholders of record as of the close of business on July 13, 2011. We currently expect to continue paying comparable cash dividends on a quarterly basis;
however, future declarations of dividends and the establishment of future record and payment dates are subject to the final determination of our Board of
Directors.
For equity compensation plan information, please refer to Item 12 in Part III of this Annual Report.
Stock Repurchase Programs
Our Board of Directors has approved a program for us to repurchase shares of our common stock. On October 20, 2008, we announced that our Board of
Directors had approved the expansion of our repurchase program by $8.0 billion and as of May 31, 2011, approximately $4.1 billion was available for share
repurchases pursuant to our stock repurchase program.
Our stock repurchase authorization does not have an expiration date and the pace of our repurchase activity will depend on factors such as our working capital
needs, our cash requirements for acquisitions and dividend payments, our debt repayment obligations or repurchases of our debt, our stock price, and economic
and market conditions. Our stock repurchases may be effected from time to time through open market purchases or pursuant to a Rule 10b5-1 plan. Our stock
repurchase program may be accelerated, suspended, delayed or discontinued at any time.
The following table summarizes the stock repurchase activity for the three months ended May 31, 2011 and the approximate dollar value of shares that may yet
be purchased pursuant to our stock repurchase program:
(in millions, except per share amounts)
Total Number
of Shares
Purchased
Average Price
Paid per
Share
Total Number of
Shares
Purchased as
Part of Publicly
Announced
Programs
Approximate Dollar
Value of Shares that
May Yet Be Purchased
Under the Programs
March 1, 2011—March 31, 2011 3.2 $ 32.15 3.2 $ 4,407.8
April 1, 2011—April 30, 2011 4.6 $ 34.16 4.6 $ 4,251.6
May 1, 2011 —May 31, 2011 4.7 $ 34.55 4.7 $ 4,087.5
Total 12.5 $ 33.80 12.5
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Source: ORACLE CORP, 10-K, June 28, 2011 Powered by Morningstar® Document Research℠