EEI 2017 Form 10-K

Table of Contents PARTII Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Principal Market for EEI Common Stock The Company’s Class A Common Stock is listed on NASDAQ. There is no separate market for the Company’s Class B Common Stock. High and Low Stock Prices for Class A Common Stock Quarterly high and low prices for the Company's Class A Common Stock, as reported by NASDAQ, are summarized in the following table. High Share Price Low Share Price Fiscal Year Ended July 31, 2017: First Quarter $ 10.44 $ 9.25 Second Quarter 10.70 8.75 Third Quarter 11.10 9.45 Fourth Quarter 13.06 10.25 Fiscal Year Ended July 31, 2016: First Quarter $ 11.99 $ 10.25 Second Quarter 11.53 8.51 Third Quarter 11.19 9.21 Fourth Quarter 11.20 9.70 Holders of Common Stock As of September 29, 2017, 3,008,458 shares of the Company's Class A Common Stock were outstanding and there were 279 holders of record of the Company's Class A Common Stock. We estimate that the Company has a significantly greater number of Class A Common Stock shareholders because a substantial number of the Company's shares are held in street name. As of September 29, 2017, 1,293,146 shares of the Company's Class B Common Stock were outstanding and there were 52 holders of record of the Class B Common Stock. Dividends Including fiscal year 2017, the Company has declared semi-annual dividends for 31 consecutive years. The Company declared dividends totaling $0.40, $0.44 and $0.48 per common share during fiscal years 2017, 2016 and 2015, respectively. The Company's Certificate of Incorporation provides that any cash or property dividend paid on Class A Common Stock must be at least equal to the cash or property dividend paid on Class B Common Stock on a per share basis. The amount, if any, of future dividends remains within the discretion of the Company's Board of Directors and will depend upon the Company's future earnings, financial condition, liquidity requirements and other factors as determined by the Board of Directors. 17