IHOP 2014 Annual Report Download - page 43

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Item 3. Legal Proceedings.
We are subject to various lawsuits, administrative proceedings, audits, and claims arising in the ordinary course of
business. Some of these lawsuits purport to be class actions and/or seek substantial damages. We are required to record an
accrual for litigation loss contingencies that are both probable and reasonably estimable. Legal fees and expenses associated
with the defense of all of our litigation are expensed as such fees and expenses are incurred. Management regularly assesses our
insurance deductibles, analyzes litigation information with our attorneys and evaluates our loss experience in connection with
pending legal proceedings. While we do not presently believe that any of the legal proceedings to which we are currently a
party will ultimately have a material adverse impact on us, there can be no assurance that we will prevail in all the proceedings
we are party to, or that we will not incur material losses from them.
Item 4. Mine Safety Disclosure.
Not Applicable.
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 fiscal quarter of 2014 and 2013.
Fiscal Year 2014 Fiscal Year 2013
Prices Prices
Quarter High Low High Low
First...................................................................................... $ 85.73 $ 74.21 $ 78.39 $ 65.44
Second ................................................................................. $ 82.75 $ 74.07 $ 74.96 $ 66.39
Third .................................................................................... $ 84.99 $ 74.93 $ 72.49 $ 64.44
Fourth .................................................................................. $ 103.26 $ 77.08 $ 85.74 $ 65.96
Holders
The number of stockholders of record and beneficial owners of our common stock as of February 6, 2015 was estimated to
be 12,400.
Dividends
During the fiscal years ended December 31, 2014 and 2013, we declared and paid dividends on our common stock as
follows:
Year ended December 31, 2014 Declaration date Payment date Dividend per
share Total(1)
(In millions)
First quarter............................................................ February 25, 2014 March 28, 2014 $ 0.75 $ 14.3
Second quarter ....................................................... May 28, 2014 June 27, 2014 0.75 14.3
Third quarter .......................................................... August 4, 2014 September 26, 2014 0.75 14.2
Fourth quarter......................................................... October 27, 2014 (2) 0.875 —
Total ....................................................................... $ 3.125 $ 42.8
Year ended December 31, 2013
First quarter............................................................ February 26, 2013 March 29, 2013 $ 0.75 $ 14.6
Second quarter ....................................................... May 14, 2013 June 28, 2013 0.75 14.4
Third quarter .......................................................... August 2, 2013 September 27, 2013 0.75 14.3
Fourth quarter......................................................... October 3, 2013 December 27, 2013 0.75 14.3
Total ....................................................................... $ 3.00 $ 57.6
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(1) Includes dividend equivalents paid on restricted stock units
(2) The fourth quarter 2014 dividend of $16.6 million was paid on January 9, 2015