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
Purchases of equity securities . On February 8, 2011, the Board of Directors authorized the Company to repurchase up to 500 thousand additional shares of the Company's outstanding common stock (retroactively adjusted for the effects of a stock split effected in the form of a 100% stock dividend, see Note 1 in this Form 10-K) at market price. The plan does not expire. The stock repurchase program may be suspended, terminated, or modified at any time for any reason.
Common stock of CSP Inc. may be repurchased on the open market at the discretion of management. Open market repurchases will be made in compliance with the Securities and Exchanges Commission’s Rule 10b-18 in addition to complying with applicable legal and other considerations. Below are the purchases that have been made for the three months ended September 30, 2024.
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Period
Total number of shares purchased
Average price paid per share
Total number of shares purchased as part of publicly announced plans
Maximum number that may yet be purchased under the repurchase plan
August 1-31, 2024
100
$
13.96
100
337,354
September 1-30, 2024
2,700
$
12.04
2,700
334,654
Market information . Our common stock is traded on the Nasdaq Global Market under the symbol CSPI. The following table provides the high and low sales prices of our common stock as reported on the Nasdaq Global Market for the periods indicated. Amounts below are retroactively adjusted for the effects of a two for one stock split effected in the form of a 100% stock dividend February 21, 2024.
2024
2023
Fiscal Year:
High
Low
High
Low
1st Quarter
$
13.85
$
8.00
$
4.73
$
3.51
2nd Quarter
$
27.95
$
9.10
$
6.80
$
4.71
3rd Quarter
$
19.57
$
12.20
$
7.40
$
5.25
4th Quarter
$
17.82
$
11.25
$
11.80
$
5.08
Stockholders . We had approximately 64 holders of record of our common stock as of December 20, 2024. This number does not include stockholders for whom shares were held in a “nominee” or “street” name. We believe the number of beneficial owners of our shares of common stock (including shares held in street name) at that date was approximately 2,639.
Dividends . For the fiscal years ended September 30, 2024 and 2023 the Company paid cash dividends as follows:
Amount Paid
Fiscal Year
Date Declared
Record Date
Date Paid
Per Share
2023 (1)
12/6/2022
12/21/2022
1/6/2023
$
0.015
2023 (1)
2/8/2023
2/24/2023
3/14/2023
$
0.015
2023 (1)
5/10/2023
5/25/2023
6/13/2023
$
0.020
2023 (1)
8/9/2023
8/23/2023
9/12/2023
$
0.020
2024 (1)
12/12/2023
12/22/2023
1/9/2024
$
0.020
2024 (1)
2/14/2024
2/26/2024
3/8/2024
$
0.025
2024
5/8/2024
5/24/2024
6/12/2024
$
0.030
2024
8/13/2024
8/23/2024
9/10/2024
$
0.030
(1) Retroactively adjusted for the effects of a two for one stock split effected in the form of a 100% stock dividend (see Note 1)
Item 6. [Reserved]
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