Pitney Bowes 2011 Annual Report Download - page 26

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8
PART II
ITEM 5. – MARKET FOR THE COMPANY’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is traded under the symbol “PBI” and is principally traded on the New York Stock Exchange (NYSE). Our stock
is also traded on the Boston, Chicago, Philadelphia, Pacific and Cincinnati stock exchanges. At January 31, 2012, we had 21,270
common stockholders of record. The following table sets forth the high and low sales prices, as reported on the NYSE, and the cash
dividends paid per share of common stock, for the periods indicated.
Stock Price Dividend
High Low Per Share
For the year ended December 31, 2011
First Quarter $ 26.15 $ 23.46 $ 0.37
Second Quarter $ 26.36 $ 22.05 0.37
Third Quarter $ 23.47 $ 18.00 0.37
Fourth Quarter $ 21.20 $ 17.33 0.37
$1.48
For the year ended December 31, 2010
First Quarter $ 24.76 $ 20.80 $0.365
Second Quarter $ 26.00 $ 21.28 0.365
Third Quarter $ 25.00 $ 19.06 0.365
Fourth Quarter $ 24.79 $ 21.19 0.365
$ 1.46
In February 2012, our Board of Directors authorized the payment of a cash dividend of $0.375 per share for the first quarter. There
are no material restrictions on our ability to declare dividends and we expect to continue to pay quarterly cash dividends.
See Equity Compensation Plan Information Table in Item 12 of this Form 10-K for information regarding securities for issuance under
our equity compensation plans.
Share Repurchases
We periodically repurchase shares of our common stock to manage the dilution created by shares issued under employee stock plans
and for other purposes in the open market. During 2011, we repurchased 4,692,200 shares of our common stock at a total cost of $100
million. At December 31, 2011, we have remaining authorization to repurchase up to $50 million of our common stock. There were
no share repurchases during the fourth quarter.