Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
ARL’s common stock is listed and traded on the NYSE under the symbol “ARL”. The following table sets forth the high and low sales prices as reported in the consolidated reporting system of the NYSE for the quarters ended:
2025 2024
High Low High Low
First Quarter $ 16.18 $ 10.25 $ 25.96 $ 16.94
Second Quarter $ 15.71 $ 9.43 $ 18.38 $ 12.51
Third Quarter $ 17.00 $ 12.52 $ 22.77 $ 13.21
Fourth Quarter $ 17.00 $ 14.55 $ 18.00 $ 13.11
On March 10, 2026, the closin g market price of our common stock on the NYSE was $16.62 per share, and was held by 926 stockholders of record.
Our Board of Directors established a policy that divi dend declarations on common stock would be determined on an annual basis following the end of each year. In accordance with that policy, the board determined not to pay any dividends on common stock in 2025, 2024 or 2023. Future dividends to common stockholders will be determined by the Board of Directors in light of conditions then existing, including our financial condition and requirements, future prospects, restrictions in financing agreements, business conditions and other factors deemed relevant by the Board.
We have a stock repurchase program that allows for the repurchase of up to 1,250,000 shares of our common stock. This repurchase program has no termination date. There were no shares repurchased in 2025 and the program has 19,465 shares remaining that can be repurchased as of December 31, 2025.
ITEM 6. [RESERVED]
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.