Plantronics 2010 Annual Report Download - page 33

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25
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
REPURCHASES OF EQUITY SECURITIES
Price Range of Common Stock
Our common stock is publicly traded on the NYSE under the symbol “PLT”. The following table sets forth the low and high sales
prices as reported on the NYSE for each period indicated.
Fiscal 2009
First Quarter $ 18.89 $ 25.18
Second Quarter 20.69 26.06
Third Quarter 9.89 22.52
r 7.84 14.06
arter 23.15 27.23
Low High
Fourth Quarte
Fiscal 2010
First Quarter $ 11.40 $ 18.31
Second Quarter 17.28 28.07
Third Qu
Fourth Quarter 24.45 32.13
As of May 1, 2010, there were approximately 70 holders of record of our common stock. Because many of our shares of common
payable on June 10, 2010 to stockholders of record on May 20, 2010.
n January 25, 2008, the Board of Directors authorized the repurchase of 1,000,000 shares of common stock under which the
On November 10, 2008, the Board of Directors authorized a new plan to repurchase 1,000,000 shares of common stock. During fiscal
2009 and 2010, we repurchased 1,000,000 shares of our common stock under this plan in the open market at a total cost of $23.7
million and an average price of $23.66 per share.
On November 27, 2009, the Board of Directors authorized a new plan to repurchase 1,000,000 shares of common stock. During fiscal
2010, we repurchased 1,000,000 shares of our common stock under this plan in the open market at a total cost of $26.3 million and an
average price of $26.26 per share.
On March 1, 2010, the Board of Directors authorized a new plan to repurchase 1,000,000 shares of common stock. During fiscal
2010, we repurchased 24,100 shares of our common stock under this plan in the open market at a total cost of $0.8 million and an
average price of $31.31 per share. As of March 31, 2010, there were 975,900 remaining shares authorized for repurchase.
stock are held by brokers and other institutions on behalf of beneficial owners, we are unable to estimate the total number of beneficial
owners. On April 1, 2010, the last trading day of fiscal 2010, the last sale reported on the New York Stock Exchange for Plantronics’
common stock was $31.10 per share.
Cash Dividends
In fiscal 2009 and 2010, we declared quarterly cash dividends of $0.05 per share resulting in total dividends declared of $9.8 million
in each year.
On May 4, 2010, the Company announced that the Board of Directors had declared the Company’s twentieth quarterly cash dividend
f $0.05 per share of the Company’s common stock, o
The actual declaration of future dividends and the establishment of record and payment dates are subject to final determination by the
Audit Committee of the Board of Directors of Plantronics each quarter after its review of our financial performance and financial
osition. p
Share Repurchase Programs
O
Company may purchase shares in the open market, depending on the market conditions, from time to time. During fiscal 2008 and
2009, we repurchased 1,000,000 shares of our common stock under this repurchase plan in the open market at a total cost of $18.3
million and an average price of $18.30 per share.