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Stock Repurchase Program and Dividends
12 Months Ended
Feb. 02, 2020
Stock Repurchase Program and Dividends
Note J: Stock Repurchase Program and Dividends
During fiscal 2019, we repurchased 2,341,931 shares of our common stock
, of which 16,368 shares were designated as treasury stock,
at an average cost of $63.55 per share and a total cost of approximately $148,834,000 under our stock repurchase program. As of February 2, 2020, there was approximately $574,982,000 remaining under our current stock repurchase program. As of February 2, 2020, we held treasury stock of $941,000 that represents the cost of shares available for issuance intended to satisfy future stock-based award settlements in certain foreign jurisdictions.
During fiscal 2018, we repurchased
5,373,047
shares of our common stock at an
average
cost of $
54.96
per share and a total cost
of
approximately $
295,304
,000. During fiscal 2017, we repurchased
4,050,697
shares of our common stock at an average cost of $
48.43
per share and a total cost of approximately $
196,179
,000.
Stock repurchases under our program may be made through open market and privately negotiated transactions at times and in such amounts as management deems appropriate. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, capital availability and other market conditions.
Total cash dividends declared in fiscal 2019, fiscal 2018 and fiscal 2017, were approximately $
156,103
,000, or $
1.92
per common share, $
144,609
,000, or $
1.72
per common share and $
135,779
,000, or $
1.56
per common share, respectively.