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 .

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( 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
Program: multiply(125823, .42)
Answer: 52845.66