Comfort Inn 2011 Annual Report Download - page 32

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Table of Contents
sets forth information on the high and low prices of the Company’s common stock and cash dividends declared per share for each quarterly period for the two
most recently completed years.




 


March 31, $35.62
$30.61
$ 0.185
June 30, $39.74
$30.12
$ 0.185
September 30, $37.00
$29.25
$ 0.185
December 31, $39.84
$ 35.64
$ 0.185

March 31, $41.30
$36.65
$ 0.185
June 30, $41.42
$31.93
$ 0.185
September 30, $34.86
$26.43
$ 0.185
December 31, $39.43
$ 28.36
$ 0.185
The Company currently maintains the payment of a quarterly dividend on its common shares outstanding, however, the declaration of future dividends
are subject to the discretion of the board of directors. We expect that regular quarterly cash dividends will continue to be paid at a comparable rate in the future,
subject to future business performance, economic conditions and changes in the current income tax regulations.
As of February 15, 2012, there were 1,679 holders of record of the Company’s common stock.

The following table sets forth purchases and redemptions of Choice Hotels International, Inc. common stock made by the Company during the year
ended December 31, 2011.














January 31, 2011 —
$ —
—
3,570,460
February 28, 2011 50,681
$ 39.82
—
3,570,460
March 31, 2011 4,614
$ 38.86
—
3,570,460
April 30, 2011 355
$38.23
—
3,570,460
May 31, 2011 8,377
$37.80
—
3,570,460
June 30, 2011 —
$ —
—
3,570,460
July 31, 2011 511
$32.30
—
3,570,460
August 31, 2011 —
$ —
—
3,570,460
September 30, 2011 746,925
$29.79
744,127
2,826,333
October 31, 2011 649,741
$32.31
649,651
2,176,682
November 30, 2011 78,240
$34.97
78,240
2,098,442
December 31, 2011 141,880
$ 35.87
141,880
1,956,562
Total 1,681,324
$ 31.89
1,613,898
1,956,562
____________________________
(1) The Company’s share repurchase program was initially approved by the board of directors on June 25, 1998 and has shares remaining under
authorization. The program has no fixed dollar amount or expiration date.
31