MoneyGram 2005 Annual Report Download - page 18

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Table of Contents
PART II
Item 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF
EQUITY SECURITIES
Our stock is traded on the New York Stock Exchange under the symbol MGI. Our Board of Directors declared quarterly cash dividends totaling $0.07 and
$0.02 per share of common stock during 2005 and 2004. In addition, the Board of Directors declared a dividend of $0.04 per share of common stock on
February 16, 2006 to be paid on April 3, 2006 to stockholders of record on March 17, 2006. See "Management's Discussion and Analysis of Financial
Condition and Results of Operations — Stockholders' Equity" and Note 12 of the Notes to Consolidated Financial Statements. As of February 24, 2006, there
were approximately 19,703 stockholders of record of our common stock.
Our separation from Viad was completed on June 30, 2004 and our common stock began "regular-way trading" on the New York Stock Exchange on July 1,
2004. Consequently, historical quarterly price information is not available for shares of our common stock for fiscal 2003 or for the quarterly periods ended
March 31, 2004 and June 30, 2004. The high and low sales prices for our common stock for fiscal 2005 and the third and fourth quarters in 2004 were as
follows:
2005 2004
Fiscal Quarter High Low High Low
First $ 21.40 $ 18.89
Second 20.23 17.94
Third 21.71 19.46 $ 22.75 $ 16.40
Fourth 27.24 20.58 21.52 16.90
On November 18, 2004, our Board of Directors authorized the repurchase, at our discretion, of up to 2,000,000 common shares on the open market. On
August 19, 2005, the Company's Board of Directors increased its share buyback authorization by 5,000,000 shares to a total of 7,000,000 shares. These
authorizations were announced publicly in our press releases issued on November 18, 2004 and August 19, 2005. The repurchase authorization is effective
until such time as the Company has repurchased 7,000,000 common shares. There were no repurchases of common stock made outside of the Company's
current repurchase authorization. MoneyGram common stock tendered to the Company in connection with the exercise of stock options or vesting of
restricted stock are not considered repurchased shares under the terms of the repurchase authorization. As of December 31, 2005, we have repurchased
3,045,950 shares of our common stock under this authorization and have remaining authorization to repurchase up to 3,954,050 shares.
The following table sets forth information in connection with repurchases of shares of our common stock during the quarterly period ended December 31,
2005.
Total Number of Maximum
Shares Purchased Number of Shares
as Part of that May Yet Be
Publicly Purchased Under
Total Number of Average Price Announced Plan the Plan
Period Shares Purchased Paid per Share or Program or Program
October 1-October 31, 2005 121,500 $ 21.27 121,500 4,418,315
November 1-November 30, 2005 — $ — — 4,418,315
December 1-December 31, 2005 464,265 $ 26.95 464,265 3,954,050
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