Dish Network 2009 Annual Report Download - page 49

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39
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 high and low closing sale prices of our Class A common stock during 2009 and 2008 on the Nasdaq
Global Select Market (as reported by Nasdaq) are set forth below. The sales prices of our Class A common stock
reported below are not adjusted to reflect the dividend paid on December 2, 2009, discussed below.
2009 High Low
First Quarter.................................... 13.91$ 9.07$
Second Quarter................................ 17.92 11.54
Third Quarter.................................. 19.30 14.50
Fourth Quarter................................. 22.15 17.28
2008 High Low
First Quarter.................................... 33.48$ 26.64$
Second Quarter................................ 35.66 29.09
Third Quarter.................................. 31.57 19.97
Fourth Quarter................................. 20.69 8.37
As of February 12, 2010, there were approximately 10,983 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
12, 2010, 216,411,941 of the 238,435,208 outstanding shares of our Class B common stock were held by Charles W.
Ergen, our Chairman, President and Chief Executive Officer and the remaining 22,023,267 were held in trusts
established by Mr. Ergen for the benefit of his family. There is currently no trading market for our Class B common
stock.
Dividend. On December 2, 2009, we paid a cash dividend of $2.00 per share, or approximately $894 million, on our
outstanding Class A and Class B common stock to shareholders of record at the close of business on November 20,
2009.
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 although we expect to repurchases shares of our common stock from time to time. See further discussion
under “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity
and Capital Resources” in this Annual Report on Form 10-K.
Securities Authorized for Issuance Under Equity Compensation Plans. See “Item 12. Security Ownership of
Certain Beneficial Owners and Management and Related Stockholder Matters” in this Annual Report on Form 10-K.