Fannie Mae 2006 Annual Report Download - page 55

PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
Our common stock is publicly traded on the New York and Chicago stock exchanges and is identified by the
ticker symbol “FNM.” The transfer agent and registrar for our common stock is Computershare,
P.O. Box 43081, Providence, Rhode Island 02940.
Common Stock Data
The following table shows, for the periods indicated, the high and low sales prices per share of our common
stock in the consolidated transaction reporting system as reported in the Bloomberg Financial Markets service,
as well as the dividends per share declared in each period.
Quarter High Low Dividend
2005
First quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $71.70 $53.72 $0.26
Second quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61.66 49.75 0.26
Third quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60.21 41.34 0.26
Fourth quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.80 41.41 0.26
2006
First quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $58.60 $48.41 $0.26
Second quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54.53 46.17 0.26
Third quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56.31 46.30 0.26
Fourth quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62.37 54.40 0.40
Holders
As of June 30, 2007, we had approximately 19,000 registered holders of record of our common stock.
Dividends
The table set forth under “Common Stock Data” above presents the dividends we declared on our common
stock from the first quarter of 2005 through and including the fourth quarter of 2006.
In January 2005, our Board of Directors reduced our quarterly common stock dividend rate by 50%, from
$0.52 per share to $0.26 per share. We reduced our common stock dividend rate in order to increase our
capital surplus, which was a component of our capital restoration plan. See “Item 1—Business—Our Charter
and Regulation of Our Activities—OFHEO Regulation—Capital Restoration Plan and OFHEO-Directed
Minimum Capital Requirement” for a description of our capital restoration plan. In December 2006, the Board
of Directors increased the common stock dividend to $0.40 per share and on May 1, 2007, the Board of
Directors again increased the common stock dividend to $0.50 per share. Our Board of Directors will continue
to assess dividend payments for each quarter based upon the facts and conditions existing at the time.
Our payment of dividends is subject to certain restrictions, including the submission of prior notification to
OFHEO detailing the rationale and process for the proposed dividend and prior approval by the Director of
OFHEO of any dividend payment that would cause our capital to fall below specified capital levels. See
“Item 1—Business—Our Charter and Regulation of Our Activities—OFHEO Regulation—Capital Adequacy
Requirements” for a description of these restrictions. Payment of dividends on our common stock is also
subject to the prior payment of dividends on our 11 series of preferred stock, representing an aggregate of
110,175,000 shares outstanding as of June 30, 2007. Quarterly dividends declared on the shares of our
preferred stock outstanding totaled $243.6 million for the six months ended June 30, 2007. See “Notes to
Consolidated Financial Statements—Note 17, Preferred Stock” for detailed information on our preferred stock
dividends.
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