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Average Shares Outstanding
3 Months Ended
Mar. 31, 2020
Average Shares Outstanding  
Average Shares Outstanding

Note 2 — Average Shares Outstanding

The average number of shares outstanding for first quarter 2020 reflects aggregate stock purchases of 260 shares for $8,809 and a 3% stock dividend of 1,942 shares distributed on April 3, 2020. The average number of shares outstanding for first quarter 2019 reflects aggregate stock purchases of 285 shares for $10,519 and a 3% stock dividend of 1,914 shares distributed on April 5, 2019.