IHOP 2010 Annual Report Download - page 47
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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases
of Equity Securities.
Market Information
Our common stock is traded on the NYSE under the symbol ‘‘DIN’’. The following table sets forth
the high and low sales prices of our common stock on the NYSE for each quarter of 2010 and 2009.
We did not pay dividends on our common stock in 2010 and 2009.
Fiscal Year 2010 Fiscal Year 2009
Prices Prices
Quarter High Low High Low
First ................................. $41.15 $22.13 $14.56 $ 5.24
Second ............................... $48.38 $26.24 $34.71 $10.48
Third ................................ $45.90 $24.92 $33.06 $20.25
Fourth ............................... $57.80 $42.25 $26.44 $19.97
Holders
As of February 4, 2011, there were approximately 7,000 registered holders of record of our
common stock. That number excludes the beneficial owners of shares held in ‘‘street’’ name through
banks, brokers and other financial institutions.
Dividends
The Company’s most recent quarterly dividend of $0.25 per common share was paid in December
2008. Effective December 11, 2008, the Company suspended the payment of its quarterly cash dividend
to common shareholders for the foreseeable future in order to maximize the financial flexibility of the
Company. Under our current debt agreements, we are restricted from paying dividends on common
stock until certain financial ratios are achieved. Those ratios have not been achieved as of
December 31, 2010. At such time as those financial ratios are achieved, dividend payments on common
stock may be resumed at the discretion of the Board of Directors after consideration of the Company’s
earnings, financial condition, cash requirements, future prospects and other factors.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table provides information as of December 31, 2010, regarding shares outstanding
and available for issuance under our existing equity compensation plans:
Number of securities
remaining available for
Number of securities to be Weighted average future issuance under
issued upon exercise of exercise price of equity compensation plans
outstanding options, outstanding options, (excluding securities
warrants and rights warrants and rights reflected in column (a))
Plan Category (a) (b) (c)
Equity compensation plans approved
by security holders ............ 1,523,710 $24.90 711,917
Equity compensation plans not
approved by security holders .... — — —
Total ....................... 1,523,710 $24.90 711,917
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