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Stockholders' Equity
3 Months Ended
Jan. 01, 2021
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS' EQUITY:
During the three months ended January 1, 2021 and December 27, 2019, the Company paid cash dividends of approximately $27.9 million and $27.5 million to its stockholders, respectively. On February 2, 2021, the Company's Board declared a $0.11 dividend per share of common stock, payable on March 3, 2021, to shareholders of record on the close of business on February 17, 2021. In accordance with Amendment No. 9 to the Credit Agreement entered into in the third quarter of fiscal 2020, the Company cannot make any future share repurchases and must comply with certain liquidity requirements to pay dividends as long as the covenant compliance waiver remains in effect (see Note 4).
The Company has 100.0 million shares of preferred stock authorized, with a par value of $0.01 per share. At January 1, 2021 and October 2, 2020, zero shares of preferred stock were issued or outstanding.
On February 2, 2021, the Company's stockholders approved the Third Amended and Restated 2013 Stock Incentive Plan, which amends and restates the Company's 2013 Incentive Plan last amended on January 29, 2020. The Third Amended and Restated 2013 Stock Incentive Plan provides for up to 3.5 million of new shares authorized for issuance to participants, in addition to the shares that remained available for issuance under the 2013 Incentive Plan as of February 2, 2021.
On February 2, 2021, the Company’s stockholders approved the Aramark 2021 Employee Stock Purchase Plan (“ESPP”). The ESPP allows eligible employees to contribute up to 10% of their eligible pay toward the quarterly purchase of the Company’s common stock, subject to an annual maximum dollar amount. The purchase price is 85% of the lesser of the i) fair market value per share of the Company’s common stock as determined on the purchase date or ii) fair market value per share of the Company’s common stock as determined on the first trading day of the quarterly offering period. The aggregate number of shares of common stock that may be issued under the ESPP may not exceed 12.5 million shares.