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 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. During fiscal 2022, the Company paid cash dividends of $0.35 per share in each of the four quarters. The Company also paid a special cash dividend of $2.65 per share in the fourth quarter of fiscal 2022.
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 28, 2023:
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. 30, 2022 to Nov. 26, 2022 — — — 410,655
Nov. 27, 2022 to Dec. 31, 2022 — — — 410,655
Jan. 1, 2023 to Jan. 28, 2023 — — — 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 and the S&P Retail Select Industry Index:
Total Return Analysis 2/3/2018 2/2/2019 2/1/2020 1/30/2021 1/29/2022 1/28/2023
The Buckle, Inc. $ 100.00 $ 98.05 $ 152.18 $ 267.26 $ 290.34 $ 380.09
S&P 1000 Index 100.00 98.43 107.86 129.33 142.98 146.16
S&P Retail Select Industry Index 100.00 97.81 97.47 201.40 183.74 164.01
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The following table lists the Company’s quarterly market range for fiscal years 2022, 2021, and 2020, as reported by the New York Stock Exchange:
Fiscal Years Ended
January 28, 2023 January 29, 2022 January 30, 2021
Quarter High Low High Low High Low
First $ 40.07 $ 30.30 $ 45.53 $ 35.77 $ 26.77 $ 11.76
Second 33.94 26.50 50.79 38.45 19.03 12.76
Third 40.54 29.55 46.80 38.11 25.08 15.02
Fourth 50.35 37.20 57.10 32.26 42.36 23.98
The number of record holders of the Company’s common stock as of March 28, 2023 was 470. 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, 2023 was $34.44.
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
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