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Stockholders' Equity
9 Months Ended
Jul. 02, 2021
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS' EQUITY:During the nine months ended July 2, 2021 and June 26, 2020, the Company paid cash dividends of approximately $83.9 million and $83.1 million to its stockholders, respectively. On August 9, 2021, the Company's Board declared a $0.11 dividend per share of common stock, payable on September 8, 2021, to shareholders of record on the close of business on August 25, 2021.
During the second quarter of fiscal 2020, the Company repurchased 0.3 million shares of its common stock for $6.5 million under the fiscal 2019 share repurchase program which will expire in July 2022.
The Company has 100.0 million shares of preferred stock authorized, with a par value of $0.01 per share. At July 2, 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 amended and restated 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. Purchases under the ESPP are made in March, June, September, and December. The aggregate number of shares of common stock that may be issued under the ESPP may not exceed 12.5 million shares. The Company's first purchase window began on April 1, 2021. There were 0.2 million shares purchased under the ESPP during the three and nine months ended July 2, 2021.