Aarons 2007 Annual Report Download - page 48

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Common Stock Market Prices and Dividends
Cash
Dividends
Common Stock High Low Per Share
DECEMBER 31, 2007
First Quarter $30.56 $25.93 $.015
Second Quarter 30.72 25.72 .015
Third Quarter 29.70 20.16 .015
Fourth Quarter 22.85 18.23 .016
DECEMBER 31, 2006
First Quarter $28.08 $20.82 $.014
Second Quarter 29.99 24.82 .014
Third Quarter 27.57 22.17 .014
Fourth Quarter 29.29 21.80 .015
MARKET FOR REGISTRANT’S COMMON EQUITY,
RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES
Market Information, Holders and Dividends
The following table shows the range of high and low prices
per share for the Common Stock and Class A Common
Stock and the cash dividends declared per share for the
periods indicated.
The Company’s Common Stock and Class A Common
Stock are listed on the New York Stock Exchange under the
symbols “RNT” and “RNTA”, respectively.
The number of shareholders of record of the Company’s
Common Stock and Class A Common Stock at February 19,
2008 was 274 and 109, respectively. The closing prices for
the Common Stock and Class A Common Stock at February
19, 2008 were $18.80 and $17.00, respectively.
Subject to our ongoing ability to generate sufficient
income, any future capital needs and other contingencies,
we expect to continue our policy of paying dividends. Our
articles of incorporation provide that no cash dividends
may be paid on our Class A Common Stock unless equal
or higher dividends are paid on the Common Stock. Under
our revolving credit agreement, we may pay cash dividends
in any fiscal year only if the dividends do not exceed 50%
of our consolidated net earnings for the prior fiscal year
plus the excess, if any, of the cash dividend limitation
applicable to the prior year over the dividend actually
paid in the prior year.
Cash
Dividends
Class A Common Stock High Low Per Share
DECEMBER 31, 2007
First Quarter $27.52 $23.40 $.015
Second Quarter 26.94 23.54 .015
Third Quarter 26.16 19.90 .015
Fourth Quarter 21.60 16.26 .016
DECEMBER 31, 2006
First Quarter $25.60 $19.20 $.014
Second Quarter 26.25 23.00 .014
Third Quarter 24.83 20.25 .014
Fourth Quarter 26.38 20.25 .015
46
The line graph to the left and the table below compare,
for the last five fiscal years of the Company, the yearly
percentage change in the cumulative total shareholder
returns (assuming reinvestment of dividends) on the
Company’s Common Stock with that of the S&P SmallCap
600 Index and a Peer Group. For 2007, the Peer Group
consisted of Rent-A-Center, Inc. The stock price performance
shown is not necessarily indicative of future performance.
12/02 12/03 12/04 12/05 12/06 12/07
Aaron Rents, Inc. 100.00 138.25 258.01 218.11 298.44 200.01
S&P SmallCap 600 100.00 138.79 170.22 183.30 211.00 210.38
Peer Group 100.00 150.15 132.63 94.39 147.70 72.67