part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . equity compensation plans 2019 information is incorporated by reference from part iii , item 12 , 201csecurity ownership of certain beneficial owners and management and related stockholder matters , 201d of this document , and should be considered an integral part of item 5 . at january 31 , 2016 , there were 84607 shareholders of record . 3m 2019s stock is listed on the new york stock exchange , inc . ( nyse ) , the chicago stock exchange , inc. , and the swx swiss exchange . cash dividends declared and paid totaled $ 1.025 per share for each of the second , third , and fourth quarters of 2015 . cash dividends declared in the fourth quarter of 2014 included a dividend paid in november 2014 of $ 0.855 per share and a dividend paid in march 2015 of $ 1.025 per share . cash dividends declared and paid totaled $ 0.855 per share for each of the second and third quarters of 2014 . cash dividends declared in the fourth quarter of 2013 include a dividend paid in march 2014 of $ 0.855 per share . stock price comparisons follow : stock price comparisons ( nyse composite transactions ) .
issuer purchases of equity securities repurchases of 3m common stock are made to support the company 2019s stock-based employee compensation plans and for other corporate purposes . in february 2014 , 3m 2019s board of directors authorized the repurchase of up to $ 12 billion of 3m 2019s outstanding common stock , with no pre-established end date . in february 2016 , 3m 2019s board of directors replaced the company 2019s february 2014 repurchase program with a new repurchase program . this new program authorizes the repurchase of up to $ 10 billion of 3m 2019s outstanding common stock , with no pre-established end date. .
(Per share amounts) First Quarter Second Quarter Third Quarter Fourth Quarter Total
2015 High $170.50 $167.70 $157.94 $160.09 $170.50
2015 Low 157.74 153.92 134.00 138.57 134.00
2014 High $139.29 $145.53 $147.87 $168.16 $168.16
2014 Low 123.61 132.02 138.43 130.60 123.61
( per share amounts ) first quarter second quarter third quarter fourth quarter total
2015 high $ 170.50 $ 167.70 $ 157.94 $ 160.09 $ 170.50
2015 low 157.74 153.92 134.00 138.57 134.00
2014 high $ 139.29 $ 145.53 $ 147.87 $ 168.16 $ 168.16
2014 low 123.61 132.02 138.43 130.60 123.61
in february 2016 what was the percent reduction in the board of directors authorized the repurchase to the february 2014