Perma-Pipe International Holdings, Inc. 10-K

Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES   The Company's common stock is traded on the Nasdaq Global Market under the symbol "PPIH".    As of April 14, 2022, there were approximately 60 stockholders of record and other additional stockholders for whom securities firms or banks acted as nominees.   The Company has never declared or paid a cash dividend and does not anticipate paying any cash dividends on its common stock in the foreseeable future. Management presently intends to retain all available funds for the development of the Company's business and for use as working capital, including potentially repurchasing its common stock. The Company's credit facilities also restrict dividend payments. Future dividend policy will depend upon the Company's earnings, capital requirements, financial condition, credit agreement restrictions and other relevant factors. For further information, see "Financing" in Item 7 and Note 5 - Debt, in the Notes to Consolidated Financial Statements.   The Transfer Agent and Registrar for the Company's common stock is Broadridge Corporate Issuer Solutions, Inc., P.O. Box 1342 Brentwood, NY 11717, (877) 830-4936 or (720) 378-5591.   Unregistered Sales of Equity Securities and Use of Proceeds   The Company has not made any sale of unregistered securities during the preceding three fiscal years.   Issuer Purchases of Equity Securities   On October 4, 2021, the Company's Board of Directors approved a stock repurchase program, which authorizes the Company to purchase up to $3.0 million of its outstanding shares of common stock. Stock repurchases are permitted to be executed through open market or privately negotiated transactions over the course of 12 months, depending upon current market conditions and other factors. As of January 31, 2022, the Company had repurchased its stock with a total value of $2.0 million, leaving $1.0 million remaining authorized for potential repurchase under the program.    The following table sets forth information with respect to repurchases by the Company of its shares of common stock during 2021 under its stock repurchase program:     Period   Total number of shares purchased     Average price paid per share     Total number of shares purchased as part of publicly announced plans or programs     Approximate dollar value of shares that may yet be purchased under the plans or programs   October 1, 2021 - October 31, 2021     58,528     $ 8.45       58,528     $ 2,505,216   November 1, 2021 - November 30, 2021     21,350       8.55       21,350       2,322,674   December 1, 2021 - December 31, 2021     56,447       7.99       56,447       1,871,840   January 1, 2022 - January 31, 2022     97,956       8.81       97,956       1,008,444   Total     234,281               234,281               11 Table of Contents   Item 6. [REMOVED AND RESERVED] - Not applicable.