MoneyGram 2007 Annual Report Download - page 26

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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 $0.20 and $0.17 per share of common stock during 2007 and 2006, respectively. See "Management's Discussion and Analysis of
Financial Condition and Results of Operations — Stockholders' Equity" and Note 12 — Pensions and Other Benefits of the Notes to
Consolidated Financial Statements. As of March 14, 2008, there were approximately 15,114 stockholders of record of our common stock.
The high and low sales prices for our common stock for fiscal 2007 and 2006 were as follows:
2007 2006
Fiscal Quarter High Low High Low
First $ 32.24 $ 27.16 $ 31.00 $ 24.97
Second 30.08 26.71 36.20 29.88
Third 30.67 19.76 33.14 28.10
Fourth 24.90 13.69 34.97 27.82
On November 18, 2004, our Board of Directors authorized a plan to repurchase, at our discretion, up to 2,000,000 shares of MoneyGram
common stock on the open market. On August 18, 2005, our Board of Directors increased its share buyback authorization by
5,000,000 shares to a total of 7,000,000 shares. On May 9, 2007, our Board of Directors increased its share buyback authorization by an
additional 5,000,000 shares to a total of 12,000,000 shares. These authorizations were announced publicly in our press releases issued on
November 18, 2004, August 18, 2005 and May 9, 2007, respectively. The repurchase authorization is effective until such time as the
Company has repurchased 12,000,000 common shares. 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, 2007, we have repurchased 6,795,000 shares of our common stock under this authorization and have
remaining authorization to repurchase up to 5,205,000 shares. The Company has not repurchased any shares since July 2007, other than
in connection with employees' exercise of stock options.
The following table sets forth information in connection with repurchases of shares of our common stock during the quarterly period
ended December 31, 2007.
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, 2007 — $ — — 5,205,000
November 1-November 30, 2007 — $ — — 5,205,000
December 1-December 31, 2007 4,467 $ 20.47 — 5,205,000
We completed a Capital Transaction on March 25, 2008, as described in "Management's Discussion and Analysis of Financial Condition
and Results of Operations — Liquidity and Capital Resources — Sale of Investments and Capital Transaction." Under the terms of the
equity securities and debt issued in connection with the Capital Transaction, our ability to declare or pay dividends or distributions to the
stockholders of the Company's common stock is severely limited.
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