Dish Network 2007 Annual Report Download - page 43

Download and view the complete annual report

Please find page 43 of the 2007 Dish Network annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 151

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151

Table of Contents
PART II
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.
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.
36
Item 5.
MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
High
Low
2006
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