10-K
PART II
Item 5 -Market for the Company’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities The Company’s Class A common stock is traded on the New York Stock Exchange. Quarterly dividend and high/low closing market price information is presented in the table below. The Company’s Class B common stock is generally nontransferable, except to lineal descendants, and thus has no established trading market, but it can be converted into Class A common stock at any time. The Class B common stock was issued on October 5, 1988, and the Company has paid the same dividends thereon as have been paid on the Class A common stock since that date. On June 30, 2012, there were approximately 1,410 registered holders of Class A common stock and approximately 1,167 registered holders of Class B common stock.
Quarter Ended September 2010 December 2010 March 2011 June 2011
September 2011 December 2011 March 2012 June 2012
Dividends $
0.06 $ 0.08 0.08 0.10 0.10 0.10 0.10 0.10
High
12.48 $ 12.88 14.94 14.32 12.77 13.40 14.56 13.37
Low
10.00 10.36 11.38 10.25 10.28 10.47 12.30 10.75
The Company’s dividend policy is subject to periodic review by the Board of Directors. Based upon economic conditions, the Board of Directors decided to maintain the quarterly dividend at $0.10 for all quarters of fiscal 2012.
ISSUER PURCHASES OF EQUITY SECURITIES
Summary of Stock Repurchases: A summary of the Company’s repurchases of shares of its common stock for the fourth quarter fiscal 2012 is as follows:
Shares
Purchased Under
Shares Period
April 2012 May 2012 June 2012
Purchased
None $ None $ None $
Average Price
– – –
Announced Programs
– – –
Shares yet to be
Purchased Under
Announced Programs
– – –
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