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

.

Question: in 2005 what was the percentage difference in the year end high and low
Answer: 25.45%