Classmates.com 2010 Annual Report Download - page 41

Table of Contents
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
Our common stock has been quoted on The Nasdaq Global Select Market ("NASDAQ") under the symbol "UNTD" since September 26,
2001. Prior to that, NetZero common stock had been quoted on NASDAQ under the symbol "NZRO" since September 23, 1999. The following
table sets forth, for the quarters indicated, the high and low sales prices per share of our common stock as reported on the NASDAQ.
On February 18, 2011, there were 524 holders of record of our common stock.
Dividends
United Online, Inc.'s Board of Directors declared quarterly cash dividends of $0.10 per share of common stock in January, April, July, and
October 2009. The dividends were paid on February 27, May 29, August 31, and November 30, 2009 and totaled $8.8 million, $9.1 million,
$9.2 million, and $9.1 million, respectively, including dividend equivalents paid on nonvested restricted stock units.
United Online, Inc.'s Board of Directors declared quarterly cash dividends of $0.10 per share of common stock in February, April, July, and
October 2010. The dividends were paid on February 26, May 28, August 31, and November 30, 2010 and totaled $9.1 million, $9.4 million,
$9.3 million, and $9.2 million, respectively, including dividend equivalents paid on nonvested restricted stock units.
In January 2011, United Online, Inc.'s Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock. The
record date was February 14, 2011 and the dividend will be paid on February 28, 2011.
The payment of future dividends is discretionary and is subject to determination by United Online, Inc.'s Board of Directors each quarter
following its review of our financial performance and other factors. Dividends are declared and paid out of our surplus, as defined and computed
in accordance with the General Corporation Law of the State of Delaware. For information regarding restrictions on the payment of dividends,
see "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations."
Common Stock Repurchases
United Online, Inc.'s Board of Directors authorized a common stock repurchase program (the "Program") that allowed us to repurchase
shares of our common stock through open market or privately negotiated transactions based on prevailing market conditions and other factors
through December 31, 2009. From time to time, the Board of Directors has increased the amount authorized for repurchase under this Program
and has extended the Program. In April 2004, the Board of Directors authorized us to purchase up to an additional $100 million of our common
stock under the Program, bringing the total amount authorized under the Program to $200 million. In December 2009, the Board of Directors
again further extended the Program through December 31, 2010. From August 2001 through December 31, 2010, we had repurchased
$150.2 million of our common stock under the Program, leaving $49.8 million of authorization remaining under the Program. In
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2009
2010
High
Low
High
Low
First Quarter
$
6.39
$
3.76
$
7.95
$
5.87
Second Quarter
$
7.74
$
4.26
$
8.72
$
5.75
Third Quarter
$
9.46
$
5.99
$
6.83
$
4.75
Fourth Quarter
$
9.28
$
6.69
$
7.33
$
5.58