PART II Item 5.
Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Our common stock is traded on the NYSE under the symbol "IRM".
Our shares of common stock also trade on the ASX in the form of CHESS Depository Interests ("CDIs") representing a beneficial interest in one share of our common stock.
The following table sets forth the high and low sale prices on the NYSE, for the years 2015 and 2016
## Table 0 ##
The closing price of our common stock on the NYSE on February 17, 2017 was $37.15.
As of February 17, 2017, there were 1,580 holders of record of our common stock, including CHESS Depository Nominees Pty Limited, which held shares of our common stock on behalf of our CDI holders.
Our board of directors has adopted a dividend policy under which we have paid, and in the future intend to pay, quarterly cash dividends on our common stock.
The amount and timing of future dividends will continue to be subject to the approval of our board of directors, in its sole discretion, and to applicable legal requirements.
In 2015 and 2016, our board of directors declared the following dividends:
## Table 1 ##
During the years ended December 31, 2014, 2015 and 2016, we declared distributions to our stockholders of $1,048.9 million, $402.6 million, and $502.9 million, respectively.
These distributions represent approximately $5.37 per share, $1.91 per share and $2.04 per share for the years ended December 31, 2014, 2015 and 2016, respectively, based on the weighted average number of common shares outstanding during each respective year.
For 2014, total amounts distributed included a special distribution declared by our board of directors of $700.0 million, or $3.61 per share, associated with our conversion to a REIT, of which $560.0 million was paid in the form of our common stock and $140.0 million was paid in cash.
On February 15, 2017, we declared a dividend to our stockholders of record as of March 15, 2017 of $0.55 per share, payable on April 3, 2017
Internal Growth—Eight-Quarter Trend
## Table 2 ##
(1) During the fourth quarter of 2016, we determined that our internal revenue growth rates for the three and nine months ended September 30, 2016 were incorrectly calculated in our Other International Business segment.
Approximately $4.4 million of revenue associated with the Recall Transaction was attributed to our business as it existed prior to the Recall Transaction.
This incorrect calculation impacted our previously reported internal revenue growth rates for our Other International Business segment as well as our consolidated internal revenue growth rates.
The corrected internal storage rental revenue, internal service revenue and internal total revenue growth rates for our Other International Business segment were 7.5%, 1.6% and 5.0%, respectively, for the three months ended September 30, 2016 and 8.5%, 5.9% and 7.4%, respectively, for the nine months ended September 30, 2016.
Our corrected consolidated internal storage rental revenue, internal service revenue and internal total revenue growth rates were 2.1%, (1.3)% and 0.8%, respectively, for the three months ended September 30, 2016 and 2.1%, (0.5)% and 1.1%, respectively, for the nine months ended September 30, 2016.
Management has assessed, both quantitatively and qualitatively, the impact of this incorrect calculation of our internal revenue growth rates for the three and nine months ended September 30, 2016 and concluded that such changes were not material to our Quarterly Report on Form 10-Q for the quarter ended September 30, 2016.
We expect our consolidated internal storage rental revenue growth rate for 2017 to be approximately 2.0% to 2.5%.
During the past eight quarters, our internal storage rental revenue growth rate has ranged between 2.1% and 3.0%.
Our internal storage rental revenue growth rates have been relatively stable over the past two fiscal years, as internal storage rental revenue growth for full year 2015 and 2016 were 2.7% and 2.3%, respectively.
At various points in the economic cycle, internal storage rental revenue growth may be influenced by changes in pricing and volume.
Within our international portfolio, the Western European Business segment is generating consistent low single-digit internal storage rental revenue growth, while the Other International Business segment is producing high single-digit internal storage rental revenue growth by capturing the first-time outsourcing trends for physical records storage and management in those markets.
The internal growth rate for service revenue is inherently more volatile than the internal growth rate for storage rental revenues due to the more discretionary nature of certain services we offer, such as large special projects, and, as a commodity, the volatility of pricing for recycled paper.
These revenues, which are often event-driven and impacted to a greater extent by economic downturns as customers defer or cancel the purchase of certain services as a way to reduce their short-term costs, may be difficult to replicate in future periods.
The internal growth rate for total service revenues over the past eight quarters reflects reduced retrieval/re-file activity and a related decrease in transportation revenues within our North American Records and Information Management Business and Western European Business segments, as well as continued service declines in service revenue activity levels in our North American Data Management Business segment as the storage business becomes more archival in nature.
Liquidity and Capital Resources The following is a summary of our cash balances and cash flows (in thousands) as of and for the years ended December 31,

<table><tr><td></td><td colspan="2">Sale Prices</td></tr><tr><td></td><td>High</td><td>Low</td></tr><tr><td>2015</td><td></td><td></td></tr><tr><td>First Quarter</td><td>$41.53</td><td>$35.60</td></tr><tr><td>Second Quarter</td><td>38.49</td><td>30.95</td></tr><tr><td>Third Quarter</td><td>32.25</td><td>26.49</td></tr><tr><td>Fourth Quarter</td><td>32.35</td><td>25.99</td></tr><tr><td>2016</td><td></td><td></td></tr><tr><td>First Quarter</td><td>$34.15</td><td>$23.64</td></tr><tr><td>Second Quarter</td><td>39.84</td><td>32.12</td></tr><tr><td>Third Quarter</td><td>41.50</td><td>35.42</td></tr><tr><td>Fourth Quarter</td><td>37.51</td><td>30.75</td></tr></table>
<table><tr><td>Declaration Date</td><td>DividendPer Share</td><td>Record Date</td><td>TotalAmount(in thousands)</td><td>Payment Date</td></tr><tr><td>February 19, 2015</td><td>$0.4750</td><td>March 6, 2015</td><td>$99,795</td><td>March 20, 2015</td></tr><tr><td>May 28, 2015</td><td>0.4750</td><td>June 12, 2015</td><td>100,119</td><td>June 26, 2015</td></tr><tr><td>August 27, 2015</td><td>0.4750</td><td>September 11, 2015</td><td>100,213</td><td>September 30, 2015</td></tr><tr><td>October 29, 2015</td><td>0.4850</td><td>December 1, 2015</td><td>102,438</td><td>December 15, 2015</td></tr><tr><td>February 17, 2016</td><td>0.4850</td><td>March 7, 2016</td><td>102,651</td><td>March 21, 2016</td></tr><tr><td>May 25, 2016</td><td>0.4850</td><td>June 6, 2016</td><td>127,469</td><td>June 24, 2016</td></tr><tr><td>July 27, 2016</td><td>0.4850</td><td>September 12, 2016</td><td>127,737</td><td>September 30, 2016</td></tr><tr><td>October 31, 2016</td><td>0.5500</td><td>December 15, 2016</td><td>145,006</td><td>December 30, 2016</td></tr></table>
<table><tr><td></td><td colspan="4">2015</td><td colspan="4">2016</td></tr><tr><td></td><td>FirstQuarter</td><td>SecondQuarter</td><td>ThirdQuarter</td><td>FourthQuarter</td><td>FirstQuarter</td><td>SecondQuarter</td><td>ThirdQuarter-1</td><td>FourthQuarter</td></tr><tr><td>Storage Rental Revenue</td><td>3.0%</td><td>2.7%</td><td>2.8%</td><td>2.2%</td><td>2.2%</td><td>2.1%</td><td>2.1%</td><td>2.9%</td></tr><tr><td>Service Revenue</td><td>-1.0%</td><td>—%</td><td>-0.9%</td><td>0.3%</td><td>1.6%</td><td>-2.1%</td><td>-1.3%</td><td>-0.9%</td></tr><tr><td>Total Revenue</td><td>1.4%</td><td>1.6%</td><td>1.3%</td><td>1.4%</td><td>2.0%</td><td>0.4%</td><td>0.8%</td><td>1.4%</td></tr></table>

Question: If High for Sale Prices in Third Quarter develops with the same increasing rate in 2016, what will it reach in 2017?
Answer: 53.4031