American Home Shield 2015 Annual Report Download - page 45

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27
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
Market Information
Our common stock is listed on the NYSE under the symbol ‘‘SERV.’’ Our common stock began trading on the NYSE on
June 26, 2014. As of February 19, 2016, there were approximately 13 registered holders of our common stock.
The following table sets forth the high and low sale prices per share of our common stock during 2015 and 2014 as reported
on the NYSE:
High Sales Price Low Sales Price
2015:
First Quarter $ 36.95 $ 25.98
Second Quarter $ 37.30 $ 31.98
Third Quarter $ 38.90 $ 32.10
Fourth Quarter $ 39.99 $ 32.79
2014:
Second Quarter (beginning June 26, 2014) $ 19.75 $ 17.08
Third Quarter $ 25.23 $ 17.05
Fourth Quarter $ 28.20 $ 20.32
The graph below presents our cumulative total shareholder returns relative to the performance of the Standard & Poor’s 500
Composite Stock Index and Standard & Poor’s 400 Consumer Services Index, commencing on June 26, 2014, our initial day of
trading. The graph assumes $100 invested at the opening price of our common stock on NYSE and each index on June 26, 2014.
Dividends
We did not pay any cash dividends in 2014 or 2015. The spin-off of the TruGreen Business was accomplished through a tax-
free, stock dividend. We do not intend to declare or pay dividends on our common stock for the foreseeable future. We currently
intend to use our future earnings, if any, to repay debt, to repurchase shares of our common stock, to fund our growth, to develop our
business, for working capital needs and general corporate purposes. Our ability to pay dividends to holders of our common stock is
significantly limited as a practical matter by the Credit Facilities, insofar as we may seek to pay dividends out of funds made available
to us by our subsidiaries, because our debt instruments directly or indirectly restrict our ability to pay dividends. Any future
determination to pay dividends on our common stock is subject to the discretion of our board of directors and will depend upon
various factors, including our results of operations, financial condition, liquidity requirements, capital requirements, level of
$80
$100
$120
$140
$160
$180
$200
$220
$240
6/26/14 12/31/14 12/31/15
SERV S&P 500 Index S&P 400 Consumer Services Index
2015 Annual Report 43