Big Lots 2015 Annual Report Download - page 93

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16
Part II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities
Our common shares are listed on the New York Stock Exchange (“NYSE”) under the symbol “BIG.” The following table
reflects the high and low sales prices for our common shares as reported on the NYSE composite tape for the fiscal periods
indicated:
2015 2014
High Low High Low
First Quarter $ 51.11 $ 44.45 $ 40.24 $ 25.50
Second Quarter 48.53 41.37 46.39 36.76
Third Quarter 50.15 39.77 48.52 41.23
Fourth Quarter $ 48.14 $ 33.78 $ 51.75 $ 38.15
In June 2014, we announced that our Board of Directors commenced a cash dividend program. Since the commencement of
the program, we have declared and paid seven consecutive quarterly cash dividends.
2015 2014
First Quarter $ 0.19 $ —
Second Quarter 0.19 0.17
Third Quarter 0.19 0.17
Fourth Quarter 0.19 0.17
Total $ 0.76 $ 0.51
In the first quarter of 2016, our Board of Directors declared a dividend payable on April 1, 2016 to holders of record on March
18, 2016 and increased the amount of the dividend from $0.19 to $0.21 per share. Although it is the present intention of our
Board of Directors to continue to pay a quarterly cash dividend in the future, the determination to pay future dividends will be
at the discretion of our Board of Directors and will depend on our financial condition, results of operations, capital
requirements, compliance with applicable laws and agreements and any other factors deemed relevant by our Board.
After making investments in the business and paying declared dividends, the Company has utilized its excess cash for share
repurchase programs. Any future decisions on the uses of excess cash will be determined by our Board of Directors taking into
account business conditions then existing, including our earnings, financial requirements and condition, opportunities for
reinvesting cash, and other factors.
The following table sets forth information regarding our repurchase of our common shares during the fourth fiscal quarter of
2015:
(In thousands, except price per share data)
Period
(a) Total
Number of
Shares
Purchased (1)
(b) Average
Price Paid
per Share (1)
(c) Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
(d) Approximate
Dollar Value of
Shares that May
Yet Be Purchased
Under the Plans or
Programs
November 1, 2015 - November 28, 2015 — $ 43.92 — $ —
November 29, 2015 - December 26, 2015 — — — —
December 27, 2015 - January 30, 2016 — 38.02 — —
Total — $ 41.25 — $ —