Hertz 2008 Annual Report Download - page 85

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PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock began trading on the NYSE on November 16, 2006. On February 26, 2009, there
were 248 registered holders of our common stock. The following table sets forth, for the periods
indicated, the high and low sales price per share of our common stock as reported by the NYSE:
2007 High Low
1st Quarter ....................................... 23.95 16.40
2nd Quarter ...................................... 26.99 19.52
3rd Quarter ....................................... 27.20 18.72
4th Quarter ....................................... 25.25 14.81
2008
1st Quarter ....................................... 15.85 9.90
2nd Quarter ...................................... 14.70 9.53
3rd Quarter ....................................... 10.57 5.52
4th Quarter ....................................... 7.84 1.55
There were no repurchases of our equity securities by us or on our behalf during the year ended
December 31, 2008 and we do not have a formal or publicly announced stock repurchase program.
CURRENT DIVIDEND POLICY
We paid no cash dividends on our common stock in 2007 or 2008, and we do not expect to pay
dividends on our common stock for the foreseeable future. The agreements governing our indebtedness
restrict our ability to pay dividends. See ‘‘Item 7—Management’s Discussion and Analysis of Financial
Condition and Results of Operations—Liquidity and Capital Resources—Financing.’’
USE OF PROCEEDS FROM SALE OF REGISTERED SECURITIES
None.
RECENT SALES OF UNREGISTERED SECURITIES
None.
PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS
None.
RECENT PERFORMANCE
The following graph compares the cumulative total stockholder return on Hertz Global Holdings, Inc.
common stock with the Russell 1000 Index and the Hemscott Industry Group 761—Rental & Leasing
Services. The Russell 1000 Index is included because it is comprised of the 1,000 largest publicly traded
issuers and has a median total market capitalization of approximately $3.1 billion, which is similar to our
total market capitalization. The Hemscott Industry Group 761—Rental & Leasing Services is a published,
market capitalization-weighted index representing 27 stocks of companies that rent or lease various
durable goods to the commercial and consumer market including cars and trucks, medical and
industrial equipment, appliances, tools and other miscellaneous goods, including Hertz Global
Holdings, Inc., ABG, DTG, RSC and URI.
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