FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 1997 |
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Item 5. Market for the Registrant's Common Equity |
and Related Stockholder Matters |
Common Stock, 1997 and 1996
Swift Energy Company common stock is traded on the New York Stock Exchange and the Pacific Exchange, Inc., under the symbol "SFY." The high and low quarterly sales prices for the common stock for 1997 and 1996 are as follows:
| 1997 | 1996 | ||||||||
| First | Second | Third | Fourth | First | Second | Third | Fourth | ||
| Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | ||
| Low | $19.32 | $16.93 | $18.86 | $19.25 | $9.89 | $11.82 | $15.91 | $20.91 | |
| High | $34.20 | $26.02 | $26.48 | $31.00 | $12.84 | $16.48 | $22.61 | $28.86 | |
Since inception, no cash dividends have been declared on the Company’s common stock. Cash dividends are restricted under the terms of the Company’s credit agreements, as discussed in Note 4 to the Company’s financial statements, and the Company presently intends to continue a policy of using retained earnings for expansion of its business. The stock prices for 1996 and the first three quarters of 1997 have been revised to reflect a 10% stock dividend declared in October 1997.
Swift Energy had approximately 520 stockholders of record as of December 31, 1997.
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