Metro PCS 2009 Annual Report Download - page 70

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58
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities
Market Information
Our common stock began trading on April 19, 2007 on the New York Stock Exchange under the symbol “PCS.”
Prior to April 19, 2007, there was no established public trading market for our common stock. The following table
sets forth for the periods indicated the high and low composite per share prices as reported by the New York Stock
Exchange.
High Low
Fiscal year ended December 31, 2008
First quarter $18.72 $14.50
Second quarter 21.83 17.08
Third quarter 17.92 12.98
Fourth quarter 15.98 10.71
Fiscal year ended December 31, 2009
First quarter $17.99 $12.07
Second quarter 18.75 13.31
Third quarter 13.27 7.72
Fourth quarter 8.51 5.85
Holders
As of January 29, 2010, the closing price of our common stock was $5.63 per share, there were
352,714,663 shares of our common stock outstanding, and there were 49,276 holders of record of our common
stock.
Dividends
We have never paid or declared any regular cash dividends on our common stock and do not intend to declare or
pay regular cash dividends on our common stock in the foreseeable future. The terms of our senior secured credit
facility and the indentures related to our 9¼% senior notes restrict our ability to declare or pay dividends. We
currently intend to retain future earnings, if any, to invest in our business. Subject to Delaware law, our board of
directors will determine the payment of future dividends on our common stock, if any, and the amount of any
dividends in light of:
xany applicable contractual restrictions limiting our ability to pay dividends;
xour earnings and cash flows;
xour capital requirements;
xour future needs for cash;
xour financial condition; and
xother factors our board of directors deems relevant.