Dish Network 2006 Annual Report Download - page 46

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36
PART II
Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Price of and Dividends on the Registrant’s Common Equity and Related Stockholder Matters
Market Information. Our Class A common stock is quoted on the Nasdaq Global Select 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 our Class A common stock during 2006 and 2005 on the Nasdaq Global Select Market (as reported by
Nasdaq) are set forth below.
2006 High Low
First Quarter.................................... 29.98$ 27.20$
Second Quarter................................ 32.25 29.85
Third Quarter.................................. 35.44 30.02
Fourth Quarter................................. 38.45 32.07
2005
First Quarter.................................... 33.12$ 28.31$
Second Quarter................................ 30.31 27.93
Third Quarter.................................. 32.11 28.61
Fourth Quarter................................. 29.60 24.52
As of February 22, 2007, there were approximately 12,300 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
February 22, 2007, 198,805,449 of the 238,435,208 outstanding shares of our Class B common stock were held by
Charles W. Ergen, our Chairman and Chief Executive Officer and the remaining 39,629,759 were held in a trust for
members of Mr. Ergen’s family. There is currently no trading market for our Class B common stock.
Dividend. On December 14, 2004, we paid a one-time cash dividend of $1.00 per share, or $455.7 million, on
outstanding shares of our Class A and Class B common stock to shareholders of record at the close of business on
December 8, 2004.
We currently do not intend to declare additional dividends on our common stock. 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.”
Securities Authorized for Issuance Under Equity Compensation Plans. See Item 12 – Security Ownership of
Certain Beneficial Owners and Management.