Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Common Stock and Dividend Data
Our common stock is traded in the national over-the-counter market and is authorized for quotation on the Nasdaq Global Market under the symbol “BRID”. The following table reflects the high and low closing sale prices reported by Nasdaq as well as cash dividends paid for each of the last eight fiscal quarters.
Fiscal Year 2009 |
|
High |
|
Low |
|
Cash
Dividends
Paid |
|
First Quarter |
|
$ |
4.88 |
|
$ |
3.71 |
|
$ |
0.00 |
|
Second Quarter |
|
$ |
4.55 |
|
$ |
2.53 |
|
$ |
0.00 |
|
Third Quarter |
|
$ |
9.32 |
|
$ |
4.31 |
|
$ |
0.00 |
|
Fourth Quarter |
|
$ |
9.79 |
|
$ |
6.91 |
|
$ |
0.00 |
|
| |
|
|
|
|
|
|
|
Fiscal Year 2008 |
|
High |
|
Low |
|
Cash
Dividends
Paid |
|
First Quarter |
|
$ |
7.45 |
|
$ |
6.07 |
|
$ |
0.00 |
|
Second Quarter |
|
$ |
6.94 |
|
$ |
5.32 |
|
$ |
0.00 |
|
Third Quarter |
|
$ |
6.77 |
|
$ |
5.40 |
|
$ |
0.00 |
|
Fourth Quarter |
|
$ |
6.43 |
|
$ |
4.26 |
|
$ |
0.00 |
|
On November 12, 2009, Bridgford Foods Corporation issued a press release announcing that its Board of Directors had approved a cash dividend of $0.10 per share of common stock to be distributed on January 4, 2010 to shareholders of record on December 8, 2009.
On January 15, 2010, the closing sale price for our common stock on the Nasdaq Global Market was $11.41 per share. As of January 15, 2010, there were 303 shareholders of record of our common stock.
The payment of any future dividends will be at the discretion of our Board of Directors and will depend upon future earnings, financial requirements, and other factors.
Unregistered Sales of Equity Securities
During the period covered by this Report we did not sell or issue any equity securities that were not registered under the Securities Act of 1933, as amended.
Repurchases of Equity Securities by the Issuer
During fiscal year 2009, we repurchased an aggregate of 79,713 shares of our common stock for $637,955 pursuant to our repurchase plan previously authorized by the Board of Directors. The following table provides information regarding our repurchases of common stock in each of the four periods comprising the fourth quarter of fiscal year 2009.
