liabilities and related insurance receivables where applicable , or make such estimates for matters previously not susceptible of reasonable estimates , such as a significant judicial ruling or judgment , significant settlement , significant regulatory development or changes in applicable law .a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in any particular period .a specific factor that could increase the company 2019s estimate of its future asbestos-related liabilities is the pending congressional consideration of legislation to reform asbestos- related litigation and pertinent information derived from that process .for a more detailed discussion of the legal proceedings involving the company and associated accounting estimates , see the discussion in note 11 to the consolidated financial statements of this annual report on form 10-k .item 1b .unresolved staff comments .item 2 .properties .3m 2019s general offices , corporate research laboratories , and certain division laboratories are located in st .paul , minnesota .in the united states , 3m has 15 sales offices in 12 states and operates 59 manufacturing facilities in 23 states .internationally , 3m has 173 sales offices .the company operates 80 manufacturing and converting facilities in 29 countries outside the united states .3m owns substantially all of its physical properties .3m 2019s physical facilities are highly suitable for the purposes for which they were designed .because 3m is a global enterprise characterized by substantial intersegment cooperation , properties are often used by multiple business segments .item 3 .legal proceedings .discussion of legal matters is incorporated by reference from part ii , item 8 , note 11 , 201ccommitments and contingencies 201d , of this document , and should be considered an integral part of part i , item 3 , 201clegal proceedings 201d .item 4 .submission of matters to a vote of security holders .none in the quarter ended december 31 , 2005 .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 , security ownership of certain beneficial owners and management , of this document , and should be considered an integral part of item 5 .at january 31 , 2006 , there were approximately 125823 shareholders of record .3m 2019s stock is listed on the new york stock exchange , inc .( nyse ) , pacific exchange , inc. , chicago stock exchange , inc. , and the swx swiss exchange .cash dividends declared and paid totaled $ .42 per share for each quarter of 2005 , and $ .36 per share for each quarter of 2004 .stock price comparisons follow : stock price comparisons ( nyse composite transactions ) ( per share amounts ) quarter second quarter quarter fourth quarter year .
[['( per share amounts )', 'first quarter', 'second quarter', 'third quarter', 'fourth quarter', 'year'], ['2005 high', '$ 87.45', '$ 86.21', '$ 76.74', '$ 79.84', '$ 87.45'], ['2005 low', '80.73', '$ 72.25', '70.41', '69.71', '69.71'], ['2004 high', '$ 86.20', '$ 90.29', '$ 90.11', '$ 83.03', '$ 90.29'], ['2004 low', '74.35', '80.90', '77.20', '73.31', '73.31']]
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Question: in 2005 what was the quarterly dividend expense
Answer: 52845.7