Starbucks 2007 Annual Report Download - page 18

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PART II
Item 5. Market for the Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases
of Equity Securities
SHAREHOLDER INFORMATION
Market Information and Dividend Policy
The Company’s common stock is traded on the NASDAQ Global Select Market (“NASDAQ”), under the symbol
“SBUX.” The following table shows the quarterly high and low closing sale prices per share of the Company’s
common stock as reported by NASDAQ for each quarter during the last two fiscal years:
High Low
September 30, 2007:
Fourth Quarter ................................................ $28.29 $25.87
Third Quarter ................................................. 31.84 25.54
Second Quarter ................................................ 36.29 29.32
First Quarter .................................................. 39.43 33.62
October 1, 2006:
Fourth Quarter ................................................ $38.02 $29.55
Third Quarter ................................................. 39.63 34.93
Second Quarter ................................................ 37.63 30.24
First Quarter .................................................. 31.96 24.91
As of November 16, 2007, the Company had approximately 18,500 shareholders of record. Starbucks has never paid
any dividends on its common stock. The Company presently intends to retain earnings for use in its business and to
repurchase shares of common stock and, therefore, does not anticipate paying a cash dividend in the near future.
The following table provides information regarding repurchases by the Company of its common stock during the
13-week period ended September 30, 2007:
ISSUER PURCHASES OF EQUITY SECURITIES
Period(1)
Total
Number of
Shares
Purchased
Average
Price
Paid per
Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs(2)
Maximum
Number of
Shares that May
Yet b e
Purchased
Under the Plans
or Programs(2)
July 2, 2007 — July 29, 2007 ................. — $ — — 26,138,212
July 30, 2007 — August 26, 2007 .............. 8,304,303 27.12 8,304,303 17,833,909
August 27, 2007 — September 30, 2007 ......... 4,315,202 27.02 4,315,202 13,518,707
Total ................................... 12,619,505 27.09 12,619,505
(1) Monthly information is presented by reference to the Company’s fiscal months during the fourth quarter of
fiscal 2007.
(2) The Company’s share repurchase program is conducted under authorizations made from time to time by the
Company’s Board of Directors. The shares reported in the table are covered by a Board authorization to
repurchase 25 million shares of common stock publicly announced on August 2, 2006, and a Board autho-
rization to repurchase 25 million shares of common stock publicly announced on May 3, 2007. Neither of these
authorizations has an expiration date.
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