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, 2022
$
2.61
$
2.25
June 30, 2022
$
2.69
$
1.29
September 30, 2022
$
2.18
$
1.08
December 31, 2022
$
2.28
$
1.54
March 31, 2023
$
2.06
$
1.28
June 30, 2023
$
2.25
$
1.55
September 30, 2023
$
2.65
$
1.45
December 31, 2023
$
2.48
$
1.36
As of March 26, 2024, the market price for our common stock was $1.39 per share, and we had 66 common shareholders of record, as reported by our transfer agent.
No dividends were paid in 2023 or 2022. There are currently no restrictions prohibiting us from paying dividends to our shareholders. On March 28, 2024, t he Company’s Board of Directors declared a special cash dividend on the company’s common stock of $0.32 per share, payable on May 6, 2024, to stockholders of record as of the close of business on April 22, 2024. The aggregate payment will be approximately $9.9 million. Our Board of Directors considered our financial condition, results of operations, capital and legal requirements, economic and market conditions affecting the energy industry in general, and the oilfield services business in particular, and other factors deemed relevant by the board in determining whether or not to declare a dividend. Payment of any dividends in the future will be at the discretion of our board.
Item 6. [RESERVED]
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.