Hertz 2010 Annual Report Download - page 67

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PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
MARKET PRICE OF COMMON STOCK
Our common stock began trading on the NYSE on November 16, 2006. On February 22, 2011, there
were 1,773 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:
2009 High Low
1st Quarter ........................................ $ 6.27 $1.97
2nd Quarter ....................................... 9.55 3.61
3rd Quarter ........................................ 11.99 7.72
4th Quarter ........................................ 12.55 8.82
2010
1st Quarter ........................................ 12.25 9.06
2nd Quarter ....................................... 15.60 9.13
3rd Quarter ........................................ 12.20 8.36
4th Quarter ........................................ 14.93 9.59
PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS
None.
CURRENT DIVIDEND POLICY
We paid no cash dividends on our common stock in 2009 or 2010, 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,’’ in this Annual
Report.
USE OF PROCEEDS FROM SALE OF REGISTERED SECURITIES
None.
RECENT SALES OF UNREGISTERED SECURITIES
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 Morningstar Rental & Leasing Services Industry
Group (formerly known as 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 $5.3 billion, which is similar to our total market capitalization.
The Morningstar Rental & Leasing Services Industry Group is a published, market capitalization-
weighted index representing 41 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 Holdings, ABG, Dollar Thrifty, RSC
and URI.
43