Dish Network 2013 Annual Report Download - page 63

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Other
In addition to the above actions, we are subject to various other legal proceedings and claims which arise in the
ordinary course of business, including, among other things, disputes with programmers regarding fees. In our
opinion, the amount of ultimate liability with respect to any of these actions is unlikely to materially affect our
financial condition, results of operations or liquidity, though the outcomes could be material to our operating results
for any particular period, depending, in part, upon the operating results for such period.
Item 4. MINE SAFETY DISCLOSURES
Not applicable.
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 2013 and 2012 on the Nasdaq
Global Select Market (as reported by Nasdaq) are set forth below.
2013 High Low
First Quarter.................................... 38.02$ 34.19$
Second Quarter............................... 42.52 36.24
Third Quarter.................................. 48.09 41.66
Fourth Quarter................................ 57.92 45.68
2012 High Low
First Quarter.................................... 33.03$ 27.64$
Second Quarter............................... 33.58 26.85
Third Quarter.................................. 33.15 26.31
Fourth Quarter................................ 37.68 30.29
As of February 14, 2014, there were approximately 8,551 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
14, 2014, 221,442,395 of the 238,435,208 outstanding shares of our Class B common stock were beneficially held by
Charles W. Ergen, our Chairman, and the remaining 16,992,813 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.
Dividends. On December 28, 2012, we paid a cash dividend of $1.00 per share, or approximately $453 million, on
our outstanding Class A and Class B common stock to stockholders of record at the close of business on December
14, 2012.
On December 1, 2011, we paid a cash dividend of $2.00 per share, or approximately $893 million, on our
outstanding Class A and Class B common stock to stockholders of record at the close of business on November 17,
2011.
While we currently do not intend to declare additional dividends on our common stock, we may elect to do so from
time to time. 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 may repurchase 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.