Apple 2013 Annual Report Download - page 24

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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
The Company’s common stock is traded on the NASDAQ Stock Market LLC under the symbol AAPL.
Price Range of Common Stock
The price range per share of common stock presented below represents the highest and lowest intraday sales
prices for the Company’s common stock on the NASDAQ Stock Market LLC during each quarter of the two
most recent years.
Fourth Quarter Third Quarter Second Quarter First Quarter
2013 price range per share . . . $513.74 - $401.22 $465.75 - $385.10 $555.00 - $419.00 $676.75 - $501.23
2012 price range per share . . . $705.07 - $570.00 $644.00 - $522.18 $621.45 - $409.00 $426.70 - $354.24
Holders
As of October 18, 2013, there were 24,710 shareholders of record.
Dividends
The Company paid a total of $10.5 billion and $2.5 billion in dividends during 2013 and 2012, respectively, and
expects to pay quarterly dividends of $3.05 per common share each quarter, subject to declaration by the Board
of Directors.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Share repurchase activity during the three months ended September 28, 2013 was as follows (in millions, except
number of shares, which are reflected in thousands, and per share amounts):
Q4 Fiscal Periods
Total
Number of
Shares
Purchased
Average
Price
Paid Per
Share
Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Plans or
Programs
Approximate
Dollar
Value of
Shares That
May Yet Be
Purchased
Under the
Plans or
Programs (a)
June 30, 2013 to August 3, 2013 .......................... 2,193 $451.49 2,193
August 4, 2013 to August 31, 2013 ........................ 7,061 $487.17 7,061
September 1, 2013 to September 28, 2013 .................. 1,184 $481.33 1,184
Total ............................................ 10,438 $37,050
(a) In 2012, the Company’s Board of Directors authorized a program to repurchase up to $10 billion of the
Company’s common stock beginning in 2013. In April 2013, the Company’s Board of Directors increased
the share repurchase program authorization from $10 billion to $60 billion. The Company’s share
repurchase program does not obligate it to acquire any specific number of shares. Under the program, shares
may be repurchased in privately negotiated and/or open market transactions, including under plans
complying with Rule 10b5-1 of the Exchange Act. The $37.1 billion represents the remaining amount
available to repurchase shares under the authorized repurchase program.
22