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STOCK REPURCHASE PROGRAM AND DIVIDENDS
9 Months Ended
Nov. 01, 2020
STOCK REPURCHASE PROGRAM AND DIVIDENDS
NOTE G. STOCK REPURCHASE PROGRAM AND DIVIDENDS
Stock Repurchase Program
During the thirteen and thirty-nine weeks ended November 1, 2020, we repurchased 1,119,335 shares of our common stock at an average cost of $97.42 for a total cost of approximately $109,048
,000
. As of November 1, 2020, there was $465,934
,000
remaining under our current stock repurchase program. As of November 1, 2020, we held treasury stock of $598
,000
 that represents the cost of shares available for issuance that are intended to satisfy future stock-based award settlements in certain foreign jurisdictions.
During the thirteen weeks ended November 3, 2019, we repurchased 610,349 shares of our common stock at an average cost of $66.49 per share for a total cost of approximately $40,583,000. During the thirty-nine weeks ended November 3, 2019, we repurchased 1,838,971 shares of our common stock at an average cost of $61.29 per share for a total cost of approximately $112,714,000.
As of November 3, 2019, we held treasury stock of 
$941
,000
 
that represents the cost of shares available for issuance that are intended to satisfy future stock-based award settlements in certain foreign jurisdictions.
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.
Dividends
In October 2020, our Board of Directors authorized a $
0.05
, or
10.4
%, increase in our quarterly cash dividend, from $
0.48
to $
0.53
per common share. 
We declared cash dividends of $0.53 and $0.48 per common share during the thirteen weeks ended November 1, 2020 and November 3, 2019, respectively. We declared cash dividends of $1.49 and $1.44 per common share during the thirty-nine weeks ended November 1, 2020 and November 3, 2019, respectively
.
Our quarterly cash dividend may be limited or terminated at any time.