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
Our common stock is listed on the New York Stock Exchange (Symbol: SFE). The high and low sale prices reported within each quarter of 2019 and 2018 were as follows:
High
Low
Fiscal year 2019:
First quarter
$
11.66
$
8.36
Second quarter
12.91
10.59
Third quarter
12.79
10.92
Fourth quarter
12.43
10.57
Fiscal year 2018:
First quarter
$
13.10
$
10.83
Second quarter
13.95
11.95
Third quarter
13.18
8.85
Fourth quarter
9.88
7.98
The high and low sale prices reported in the first quarter of 2020 through February 24, 2020 were $11.11 and $9.44 respectively, and the last sale price reported on February 24, 2020 , was $9.50. As of February 25, 2020, there were approximately 11,800 beneficial holders of our common stock.
Special Dividend
On November 7, 2019, the Board of Directors declared a special cash dividend of $1.00 per share, payable on December 30, 2019 to shareholders of record as of the close of business on December 23, 2019.
Issuer Purchases of Equity Securities
The following table provides information about our purchases of equity securities during the quarter ended December 31, 2019 registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"):
Period
Total Number
of Shares
Purchased (a)
Average
Price Paid
Per Share
Total Number of Shares
Purchased as Part of
Publicly Announced
Plan (b)
Maximum Number (or Approximate Dollar Value) of
Shares that May Yet Be
Purchased Under the
Plan (b)
October 1, 2019 - October 31, 2019
—
$
—
—
$
14,636,135
November 1, 2019 - November 30, 2019
—
$
—
—
$
14,636,135
December 1, 2019 - December 31, 2019
2,180
$
11.92
—
$
14,636,135
Total
2,180
$
11.92
—
(a) During the fourth quarter of 2019, we repurchased an aggregate of approximately 2 thousand shares of our common stock initially issued as restricted stock awards to employees and subsequently withheld from employees to satisfy the statutory withholding tax liability upon the vesting of such restricted stock awards.
(b) In July 2015, our Board of Directors authorized us to repurchase shares of our outstanding common stock with an aggregate value of up to $25.0 million. These repurchases may be made in open market or privately negotiated transactions, including under plans complying with Rule 10b5-1 of the Exchange Act, based on market conditions, stock price, and other factors. The share repurchase program does not obligate us to acquire any specific number of shares.
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Item 6. Selected Consolidated Financial Data
Not applicable for a smaller reporting company.
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