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
The Company’s common stock trades on the New York Stock Exchange under the symbol BKE.
Dividend Payments
During fiscal 2019, the Company paid cash dividends of $0.25 per share in each of the first three quarters and $0.30 per share in the fourth quarter. The Company also paid a special cash dividend of $1.25 per share in the fourth quarter of fiscal 2019. During fiscal 2020, the Company's Board of Directors suspended the Company's quarterly cash dividends during the first two quarters of the fiscal year as a result of the global COVID-19 pandemic. Upon resuming the Company's quarterly cash dividends, the Company paid cash dividends of $0.30 per share in both the third and fourth quarters. The Company also paid a special cash dividend of $2.00 per share in the fourth quarter of fiscal 2020. During fiscal 2021, the Company paid cash dividends of $0.33 per share in each of the first three quarters and $0.35 per share in the fourth quarter. The Company also paid a special cash dividend of $5.65 per share in the fourth quarter of fiscal 2021.
Issuer Purchases of Equity Securities
The following table sets forth information concerning purchases made by the Company of its common stock for each of the months in the fiscal quarter ended January 29, 2022:
Total Number
of Shares
Purchased Average Price Paid Per Share Total Number of
Shares Purchased
as Part of Publicly
Announced Plans Approximate
Number of Shares Yet To Be Purchased Under
Publicly Announced Plans
Oct. 31, 2021 to Nov. 27, 2021 — — — 410,655
Nov. 28, 2021 to Jan. 1, 2022 — — — 410,655
Jan. 2, 2022 to Jan. 29, 2022 — — — 410,655
Total — — —
The Board of Directors authorized a 1,000,000 share repurchase plan on November 20, 2008. The Company has 410,655 shares remaining to complete this authorization.
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Stock Price Performance Graph
The graph below compares the cumulative total return on common shares of the Company for the last five fiscal years with the cumulative total return on the S&P 1000 Index, Russell 2000 Index, S&P Retail Select Industry Index, and a peer group of retail trade stocks:
Total Return Analysis 1/28/2017 2/3/2018 2/2/2019 2/1/2020 1/30/2021 1/29/2022
The Buckle, Inc. $ 100.00 $ 110.49 $ 108.33 $ 168.15 $ 295.29 $ 320.80
S&P 1000 Index 100.00 114.60 112.79 123.60 148.20 163.84
Russell 2000 Index 100.00 114.39 112.52 122.67 159.68 153.09
S&P Retail Select Industry Index 100.00 108.29 105.92 105.55 218.09 198.97
Peer Group 100.00 129.30 123.45 102.08 130.18 133.57
The above performance graph is a transitional graph as the Company transitions to the S&P Retail Select standard industry index from a peer group and to the S&P 1000 major market index from the Russell 2000 Index. The Peer Group included in the above performance graph includes the following retail company stocks: AEO, ANF, GPS, TLYS, URBN, ZUMZ, EXPR, GES, and GCO.
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The following table lists the Company’s quarterly market range for fiscal years 2021, 2020, and 2019, as reported by the New York Stock Exchange:
Fiscal Years Ended
January 29, 2022 January 30, 2021 February 1, 2020
Quarter High Low High Low High Low
First $ 45.53 $ 35.77 $ 26.77 $ 11.76 $ 19.92 $ 16.85
Second 50.79 38.45 19.03 12.76 21.16 14.81
Third 46.80 38.11 25.08 15.02 22.26 16.85
Fourth 57.10 32.26 42.36 23.98 28.52 21.10
The number of record holders of the Company’s common stock as of March 28, 2022 was 450. Based upon information from the principal market makers, the Company believes there are more than 30,000 beneficial owners. The closing price of the Company’s common stock on March 28, 2022 was $34.96.
Additional information required by this item appears in the Notes to Consolidated Financial Statements contained herein under Footnote K "Stock-Based Compensation" and is incorporated by reference.
ITEM 6 - RESERVED