Danaher 2011 Annual Report Download - page 30

Table of Contents
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Our common stock is traded on the New York Stock Exchange under the symbol DHR. As of February 13, 2012, there were approximately 3,616 holders of
record of our common stock. The high and low common stock prices per share as reported on the New York Stock Exchange, and the dividends paid per
share, in each case for the periods described below, were as follows:
 
High Low
Dividends
Per Share High Low
Dividends
Per Share
First quarter $52.52 $45.99 $0.020 $40.38 $35.01 $0.020
Second quarter $55.72 $51.11 $0.020 $43.65 $36.22 $0.020
Third quarter $55.02 $40.52 $0.025 $41.43 $35.71 $0.020
Fourth quarter $50.86 $40.42 $0.025 $47.35 $39.70 $0.020
Our payment of dividends in the future will be determined by our Board of Directors and will depend on business conditions, our earnings and other factors.
During the third quarter of 2011, the Company increased its regular quarterly dividend from $0.020 per share to $0.025 per share by declaring a dividend of
$0.025 per share that was paid on October 28, 2011 to holders of record as of September 30, 2011.
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Neither the Company nor any “affiliated purchaser” repurchased any shares of Company common stock during 2011. On May 11, 2010, the Company’s
Board of Directors authorized the repurchase of up to 20 million shares of the Company’s common stock from time to time on the open market or in privately
negotiated transactions. There is no expiration date for the Company’s repurchase program. The timing and amount of any shares repurchased will be
determined by the Company’s management based on its evaluation of market conditions and other factors. The repurchase program may be suspended or
discontinued at any time. Any repurchased shares will be available for use in connection with the Company’s equity compensation plans (or any successor
plans) and for other corporate purposes. As of December 31, 2011, 20 million shares remain available for repurchase pursuant to this program.
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During the fourth quarter of 2011, holders of certain of the Company’s Liquid Yield Option Notes due 2021 (“LYONs”) converted such LYONs into an
aggregate of 9,154 shares of Danaher common stock, par value $0.01 per share. In each case, the shares of common stock were issued solely to existing
security holders upon conversion of the LYONs pursuant to the exemption from registration provided under Section 3(a)(9) of the Securities Act of 1933, as
amended.
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On May 11, 2010, the Company’s Board of Directors approved a two-for-one stock split (effected in the form of a dividend by issuing one additional share of
common stock for each issued share of common stock) which was paid on June 10, 2010 to stockholders of record at the close of business on May 25, 2010.
All prior period share and per share amounts set forth in this report, including earnings per share, dividends per share and the weighted average number of
shares outstanding for basic and diluted earnings per share for each respective period, have been adjusted to reflect the stock split.
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Source: DANAHER CORP /DE/, 10-K, February 24, 2012 Powered by Morningstar® Document Research℠
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