Item 5. Market for Registrant’s Common Equity
Item 5. MARKET FOR OUR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
Our common stock trades on the NASDAQ under the symbol “DWSN.” The table below represents the high and low sales prices per share for the periods shown.
Three Months Ended
High
Low
March 31, 2020
$
2.93
$
0.84
June 30, 2020
$
2.05
$
0.85
September 30, 2020
$
2.21
$
1.34
December 31, 2020
$
2.35
$
1.66
March 31, 2021
$
4.47
$
2.07
June 30, 2021
$
2.80
$
2.19
September 30, 2021
$
3.00
$
1.83
December 31, 2021
$
2.50
$
1.97
As of March 16, 2022, the market price for our common stock was $2.33 per share, and we had 70 common stockholders of record, as reported by our transfer agent.
No dividends were paid in 2021 or 2020. While there are currently no restrictions prohibiting us from paying dividends to our shareholders, our Board of Directors, after consideration of economic and market conditions affecting the energy industry in general, and the oilfield services business in particular, determined that we would not pay a dividend in respect of our common stock for the foreseeable future. Payment of any dividends in the future will be at the discretion of our board and will depend on our financial condition, results of operations, capital and legal requirements, and other factors deemed relevant by the board.
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Table of Contents
The following table summarizes certain information regarding securities authorized for issuance under our equity compensation plans as of December 31, 2021. See information and definitions regarding material features of the plans in “Note 8, Stock-Based Compensation” to the Consolidated Financial Statements incorporated by reference herein.
Equity Compensation Plan Information
Number of
Securities to be
Number of Securities
Issued Upon
Remaining Available
Exercise or
Weighted Average
for Future Issuance
Vesting of
Exercise Price
Under the Equity
Outstanding
of Outstanding
Compensation Plan
Options,
Options,
(Excluding Securities
Warrants and
Warrants and
Reflected in
Plan Category
Rights
Rights
Column (a))
(a)
2016 Plan
Equity compensation plan approved by security holders
335,000
$
—
(1)
1,049,437
Equity compensation plans not approved by security holders
—
—
—
Total
335,000
$
—
1,049,437
(1) Restricted stock unit awards have no exercise price.
Item 6. SELECTED FINANCIAL DATA
Not applicable.
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.