ADT 2007 Annual Report Download - page 135

PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases
of Equity Securities
The number of registered holders of Tyco’s common shares at November 15, 2007 was 26,295.
Tyco common shares are listed and traded on the New York Stock Exchange (‘‘NYSE’’) and the
Bermuda Stock Exchange under the symbol ‘‘TYC.’’ The following table sets forth the high and low
closing sales prices of Tyco common shares as reported by the NYSE, and the dividends paid on Tyco
common shares, for the quarterly periods presented below. In connection with the Separation, effective
June 29, 2007, the Company, as approved by its Board of Directors, effected a reverse stock split of
Tyco’s common shares, at a split ratio of one for four. Shareholder approval for the reverse stock split
was obtained at the March 8, 2007 Special General Meeting of Shareholders. Market price range was
adjusted for the Separation. Dividends per common share reflect the reverse stock split only.
Year Ended September 28, 2007 Year Ended September 29, 2006
Market Price Market Price
Dividend Per Dividend Per
Range Range
Common Common
Quarter High Low Share High Low Share
First ................................. $48.69 $43.81 $0.40 $46.40 $40.33 $0.40
Second ............................... 52.09 46.57 0.40 48.69 38.90 0.40
Third ................................ 53.83 49.88 0.80 44.70 40.44 0.40
Fourth ............................... 53.36 40.59 — 43.90 39.57 0.40
$1.60 $1.60
Dividend Policy
On September 13, 2007 Tyco’s Board of Directors approved a quarterly dividend on the Company’s
common shares of $0.15 per share payable on November 1, 2007 to shareholders of record of Tyco
International Ltd. post Separation on October 1, 2007. The dividend per common share in the above
table represents that of Tyco pre-Separation, which included Covidien and Tyco Electronics. Following
the Separation, Covidien and Tyco Electronics declared quarterly dividends as independent public
companies. The timing, declaration and payment of future dividends to holders of our common shares,
however, falls within the discretion of our Board of Directors and will depend upon many factors,
including the statutory requirements of Bermuda law, our financial condition and results of operations,
the capital requirements of our businesses, industry practice and any other factors the Board of
Directors deems relevant. Additionally, we may from time to time enter into financing agreements that
contain financial covenants and restrictions, some of which may limit the ability of Tyco to pay
dividends.
2007 Financials 43