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
Common Stock
Casey’s common stock trades on the Nasdaq Global Select Market under the symbol CASY. The 37,111,667 shares of common stock outstanding at April 30, 2022 had a market value of approximately $7.5 billion. On that date, there were 1,679 shareholders of record.
Common Stock Market Prices
Calendar 2020 High Low Calendar 2021 High Low Calendar 2022 High Low
Q1 $ 181.99 $ 114.01 Q1 $ 221.29 $ 175.02 Q1 $ 202.50 $ 170.82
Q2 $ 174.40 $ 117.25 Q2 $ 229.18 $ 192.33
Q3 $ 183.45 $ 145.48 Q3 $ 208.19 $ 185.96
Q4 $ 196.58 $ 165.38 Q4 $ 203.72 $ 181.25
Dividends
We began paying cash dividends during fiscal 1991. The dividends declared in fiscal 2022 totaled $1.39 per share. The dividends declared in fiscal 2021 totaled $1.32 per share. At its June meeting, the Board of Directors declared a quarterly dividend of $0.38 per share payable August 15, 2022, to shareholders of record on August 1, 2022.
The cash dividends declared during the calendar years 2020 through 2022 were as follows:
Calendar 2020 Cash
dividend
declared Calendar 2021 Cash
dividend
declared Calendar 2022 Cash
dividend
declared
Q1 $ 0.320 Q1 $ 0.340 Q1 $ 0.350
Q2 0.320 Q2 0.340 Q2 0.380
Q3 0.320 Q3 0.350
Q4 0.340 Q4 0.350
1.300 1.380
Issuer Purchases of Equity Securities
The following table sets forth information with respect to the Company's repurchases of common stock during the quarter ended April 30, 2022:
Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1)
Fourth Quarter:
February 1-28, 2022 — $ — — $ 300,000,000
March 1-31, 2022 — — — 400,000,000
April 1-30, 2022 — — — 400,000,000
Total — $ — — $ 400,000,000
(1) On March 7, 2018, the Company announced a share repurchase program, whereby the Company was authorized to repurchase up to an aggregate of $300 million of the Company’s outstanding common stock (the "Prior Repurchase
18
Table of Contents
Program"). No repurchases were made under the Prior Repurchase Program and it was set to expire on April 30, 2022. On, and effective as of, March 3, 2022, the Board authorized an extension and expansion of the Prior Repurchase Program by $100 million, for a total amount of up to $400 million, exclusive of fees, commissions or other expenses, under which the Company may repurchase its outstanding common stock from time-to-time (the "Updated Repurchase Program"). The Updated Repurchase Program has no set expiration date. The timing and number of repurchase transactions under the Updated Repurchase Program depends on a variety of factors including, but not limited to, market conditions, corporate considerations, business opportunities, debt agreements, and regulatory requirements. The Updated Repurchase Program can be suspended or discontinued at any time.
ITEM 6. [Reserved]