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
Market Information and Holders
The Company’s common stock is listed on the Nasdaq Capital Market under the symbol LDWY.
As of March 27, 2024, our common stock was held by approximately 115 holders of record.
Dividends
The Company has not historically paid dividends, other than two one-time special dividends declared in 2011 and 2016. The Board of Directors periodically evaluates our ability to pay dividends in light of our financial condition and business plans.
Share Repurchases
On August 28, 2023, we announced that our Board of Directors had approved a stock repurchase authorization providing for the repurchase of up to 400,000 shares of the Company’s common stock. We may purchase shares of our common stock from time to time in open market transactions at prevailing market prices, in privately negotiated transaction, or by other means in accordance with federal securities laws. Open market repurchases may be effected pursuant to Rule 10b5-1 trading plans. The repurchase authorization does not obligate the Company to acquire any particular amount of its common stock or to acquire shares on any particular timetable and may be suspended or discontinued at any time at the Company’s discretion.
Repurchase activity for the twelve months ended December 31, 2023, was as follows:
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 purchased under the plans or programs
Maximum Number of Shares that May Yet Be Purchased under the Plans or Programs
October 1 - 31, 2023
5,546
$ 5.09
5,546
$ 27,864
319,109
November 1 - 30, 2023
3,137
4.99
3,137
16,267
315,972
December 1 - 31, 2023
-
-
-
-
315,972
8,683
8,683
$ 44,131
Item 6. [Reserved]
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