Hertz 2014 Annual Report Download - page 45

Table of Contents
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 
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Our common stock trades on the New York Stock Exchange ("NYSE") under the symbol "HTZ". On June 30, 2015, there were 2,075 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:
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
 
1st Quarter $ 22.68 $ 16.69
2nd Quarter 26.45 21.05
3rd Quarter 27.75 21.20
4th Quarter 28.90 19.73
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

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1st Quarter $ 29.81 $ 24.82
2nd Quarter 30.52 25.32
3rd Quarter 31.61 24.66
4th Quarter 25.72 18.50
Hertz Holdings has $1 billion of remaining capacity under its previously announced share repurchase program. Hertz Holdings may repurchase
shares from time to time in the open market or in other privately negotiated transactions, subject to market conditions.
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On December 30, 2013, the board of directors of Hertz Holdings declared a dividend of one preferred share purchase right for each outstanding
share of Hertz Holdings common stock, to purchase from Hertz Holdings one ten-thousandth of a share of Series A Junior Participating Preferred
Stock, par value $0.01 per share, of Hertz Holdings at a price of $115.00 per one ten-thousandth of a share of preferred stock, subject to
adjustment as provided in the associated rights agreement. The description and terms of the preferred share purchase rights are set forth in a
rights agreement, dated as of December 30, 2013, between Hertz Holdings and Computershare Trust Company, N.A., as rights agent. No preferred
shares were issued under the agreement and the preferred share purchase rights expired in accordance with their terms on December 29, 2014.
We paid no cash dividends on our common stock in 2013 or 2014, 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.
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The following graph compares the cumulative total stockholder return on Hertz Holdings common stock with the Russell 1000 Index and the
Morningstar Rental & Leasing Services Industry Group. The Russell 1000 Index is included because it is comprised of the 1,000 largest publicly
traded issuers. The Morningstar Rental & Leasing Services Industry Group is a published, market capitalization-weighted index representing
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. The results are based on an assumed $100
invested on December 31, 2009, at the market close, through December 31, 2014.
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Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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