Item 5. Market for Registrant’s Common Equity
Item 5 Market for Common Equity and Related Stockholder Matters
Royale’s Common Stock is traded on the OTC QB Market under the symbol “ROYL”. As of December 31, 2019, 51,854,136 shares of Royale’s Common Stock were held by approximately 4,160 stockholders. As of December 31, 2018, 49,421,387 shares of Common Stock were held by approximately 5,018 stockholders. The following table reflects the high and low quarterly closing sales prices on the Nasdaq Stock Market and OTC QB Market from January 2018 through December 2019
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
High
Low
High
Low
High
Low
High
Low
2018
$
0.49
$
0.35
$
0.45
$
0.36
$
0.47
$
0.37
$
0.36
$
0.13
2019
$
0.35
$
0.15
$
0.33
$
0.23
$
0.26
$
0.17
$
0.19
$
0.10
Transfer Agent
The company has engaged the services of American Stock Transfer & Trust company as its transfer agent.
Dividends
The Board of Directors did not issue cash dividends in either 2019 or 2018. The Board of Directors did declare dividends during 2019 and 2018 on the preferred stock to be Paid In Kind (“PIK”) of 73,473 and 59,461 shares and a par value of $734,725 and $594,613 respectively.
Recent Sales of Unregistered Securities
On October 29, 2018 the company filed Form S-8 to register up to 3,235,824 shares of common stock for compensation.
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.