Burger King 2012 Annual Report Download - page 32

Table of Contents
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 

Our common stock trades on the New York Stock Exchange under the symbol BKW. Trading of our common stock commenced on June 20, 2012,
following the completion of our merger with Justice. Prior to that date, no public market existed for our common stock. As of February 11, 2013, there were
approximately 91 holders of record of our common stock. The following table sets forth for the periods indicated the high and low sales prices of our common
stock on the New York Stock Exchange and dividends declared per share of common stock.
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   
Second Quarter(1) $15.85 $14.97 $ —
Third Quarter $15.88 $13.03 $ —
Fourth Quarter $17.74 $14.10 $0.04
(1) Represents period from June 20, 2012 through the end of the quarter.

On October 28, 2012, our Board of Directors declared the Company’s first cash dividend of $0.04 per share, which was paid on November 29, 2012
to shareholders of record at the close of business on November 9, 2012. On February 14, 2013, our board declared a cash dividend of $0.05 per share, which
will be paid on March 15, 2013 to shareholders of record on February 28, 2013. The terms of our 2012 Credit Agreement, Senior Notes Indenture and
Discount Notes Indenture limit our ability to pay cash dividends in certain circumstances. In addition, because we are a holding company, our ability to pay
cash dividends on shares of our common stock may be limited by restrictions under our debt agreements.
Although we do not have a dividend policy, our board may, subject to compliance with the covenants contained in our debt agreements and other
considerations, determine to pay dividends in the future. See Note 14 to our Consolidated Financial Statements for a discussion of the amounts paid as a
dividend to the shareholders of Burger King Worldwide, Inc. (“Worldwide”), principally 3G, in December 2011.

The following table presents information regarding equity awards outstanding under our compensation plans as of December 31, 2012 (amounts in
thousands):
  



















Equity Compensation Plans Approved by Security Holders 16,358 $3.73 13,786
Equity Compensation Plans Not Approved by Security Holders — — —
 16,358 $3.73 13,786
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Source: Burger King Worldwide, Inc., 10-K, February 22, 2013 Powered by Morningstar® Document Research℠
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