Dish Network 2003 Annual Report Download - page 34

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29
PART II
Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER
MATTERS
Our class A common stock is quoted on the Nasdaq National Market under the symbol “DISH.” The sale prices
shown below reflect inter-dealer quotations and do not include retail markups, markdowns, or commissions and may
not necessarily represent actual transactions. The high and low closing sale prices of the class A common stock
during 2002 and 2003 on the Nasdaq National Market (as reported by Nasdaq) are set forth below.
2002 High Low
First Quarter.................................... 29.45$ 22.34$
Second Quarter................................ 29.35 16.99
Third Quarter.................................. 19.36 14.16
Fourth Quarter................................. 23.09 16.89
2003
First Quarter.................................... 30.40$ 23.28$
Second Quarter................................ 36.28 27.63
Third Quarter.................................. 40.40 34.27
Fourth Quarter................................. 40.53 30.44
As of March 22, 2004, there were approximately 5,034 holders of record of our class A common stock, not including
stockholders who beneficially own class A common stock held in nominee or street name. As of March 22, 2004, all
238,435,208 outstanding shares of our class B common stock were held by Charles W. Ergen, our Chairman and
Chief Executive Officer. There is currently no trading market for our class B common stock.
We have never declared or paid any cash dividends on any class of our common stock and currently do not intend to
declare dividends on our common stock in the foreseeable future. Payment of any future dividends will depend upon
our earnings and capital requirements, restrictions in our debt facilities, and other factors the Board of Directors
considers appropriate. We currently intend to retain our earnings, if any, to support future growth and expansion.
See “Item 7. - Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity
and Capital Resources.”