NUE » Topics » Our share repurchase program activity for each of the three months and the quarter ended December 31, 2005 was as follows (in thousands, except per share amounts):

This excerpt taken from the NUE 10-K filed Mar 7, 2006.

Our share repurchase program activity for each of the three months and the quarter ended December 31, 2005 was as follows (in thousands, except per share amounts):

 

      Total Number
of Shares
Purchased
  

Average Price
Paid per
Share

(1)

  

Total Number
of Shares
Purchased as
Part of
Publicly
Announced
Plans or
Programs

(2)

  

Maximum
Number of
Shares that
May Yet Be
Purchased
Under the
Plans or
Programs

(2)

October 2, 2005 - October 29, 2005

   817    $ 54.33    817    2,937

October 30, 2005 - November 26, 2005

   28      59.98    28    2,909

November 27, 2005 - December 31, 2005

   —        —      —      12,909
                     

For the Quarter Ended December 31, 2005

   845    $ 54.52    845    12,909
                     

(1) Includes commissions of $0.02 per share.
(2) On September 5, 2000, the Board of Directors approved a stock repurchase program under which the Company is authorized to repurchase up to 5,000,000 shares of the Company’s common stock. On September 8, 2004, the Board of Directors resolved that the number of shares of common stock authorized for repurchase would increase 100% as a result of the 2-for-1 stock split on the record date of October 15, 2004. At that time, the number of remaining shares authorized for repurchase increased from 4,237,900 shares to 8,475,800 shares. On April 21, 2005, the Company publicly announced the reactivation of this stock repurchase program. On December 6, 2005, the Board of Directors authorized the repurchase of up to an additional 10,000,000 shares of its common stock, once the current repurchase authorization is completed. This repurchase authorization does not have a scheduled expiration date.

Nucor has increased its cash dividend every year since it began paying dividends in 1973. In 2005, in addition to raising the base dividend, the board of directors implemented a supplemental dividend based on Nucor’s strong performance in 2004. Nucor paid dividends of $1.33 per share in 2005 compared with $0.44 per share in 2004. In February 2006, the board of directors announced an increase in the base dividend to $0.20 per share and in the supplemental dividend to $0.50 per share, resulting in an annualized dividend of $2.80 per share. The payment of any future supplemental dividends will depend upon many factors, including Nucor’s earnings, cash flows and financial position.

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