Paychex 2016 Annual Report Download - page 30

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The high and low sale prices for our common stock as reported on the NASDAQ Global Select Market and
dividends for fiscal 2016 and the fiscal year ended May 31, 2015 (“fiscal 2015”) are as follows:
Fiscal 2016 Fiscal 2015
Sales prices
Cash
dividends
declared per
share
Sales prices
Cash
dividends
declared per
shareHigh Low High Low
First quarter ......................... $49.79 $41.59 $0.42 $42.66 $40.10 $0.38
Second quarter ...................... $54.54 $43.19 $0.42 $48.20 $41.59 $0.38
Third quarter ........................ $54.78 $45.76 $0.42 $50.19 $44.52 $0.38
Fourth quarter ....................... $54.58 $51.06 $0.42 $51.72 $48.00 $0.38
The closing price of our common stock as of May 31, 2016, as reported on the NASDAQ Global Select
Market, was $54.22 per share.
In May 2014, the Board approved a program to repurchase up to $350 million of our common stock with
authorization expiring on May 31, 2017. Shares repurchased under this program during fiscal 2016 and fiscal
2015 were as follows:
Fiscal 2016 Fiscal 2015
In millions
Total
number
of shares
purchased
Total
dollars
Total
number
of shares
purchased
Total
dollars
First quarter ............................................ 1.3 $ 62.9 0.9 $ 37.5
Second quarter .......................................... — — 0.3 15.1
Third quarter ........................................... 0.9 45.0 0.4 17.9
Fourth quarter ........................................... — — 2.3 111.9
Fiscal year ............................................. 2.2 $107.9 3.9 $182.4
As of May 31, 2016, the approximate dollar value of shares that may yet be purchased under the program is
$59.7 million. Shares of stock repurchased during fiscal 2016 and fiscal 2015 were purchased pursuant to the
program and were retired.
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