Popeye's 2014 Annual Report Download - page 30

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12
During 2014, we repurchased and retired 891,931 shares of common stock for approximately $40.0 million. During 2013, we
repurchased and retired 504,295 shares of common stock for approximately $19.9 million. During 2012, we repurchased and
retired 741,228 shares of common stock for approximately $15.2 million.
During the fourth quarter of 2014, we repurchased 182,231 of our common shares as scheduled below:
Period
Number
of Shares
Repurchased
Average
Price Paid
Per Share
Total Number
of Shares
Repurchased as
Part of a Publicly
Announced Plan
Maximum Value
of Shares that
May Yet Be
Repurchased
Under the Plan
Period 11 (10/06/14 to 11/02/14) — $ — — $ 51,549,887
Period 12 (11/03/14 to 11/30/14) — $ — — $ 51,549,887
Period 13 (12/01/14 to 12/28/14) 182,231 $ 54.88 182,231 $ 41,548,962
Total 182,231 $ 54.88 182,231 $ 41,548,962
On February 20, 2015, the Company's Board of Directors approved a multi-year share repurchase authorization increasing the
maximum value of shares that may be repurchased under the plan to $100 million.
Shareholders of Record
As of January 25, 2015, we had 121 shareholders of record of our common stock.
Dividend Policy
We anticipate that we will retain any future earnings to support operations and to finance the growth and development of our
business, and we do not expect to pay cash dividends in the foreseeable future. Any future determination relating to our dividend
policy will be made at the discretion of our Board of Directors and will depend on a number of factors, including future earnings,
capital requirements, financial conditions, plans for share repurchases, future prospects and other factors that the Board of Directors
may deem relevant. Other than a special cash dividend, we have never declared or paid cash dividends on our common stock.