Pottery Barn 2006 Annual Report Download - page 30

Download and view the complete annual report

Please find page 30 of the 2006 Pottery Barn annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 152

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
MARKET INFORMATION
Our common stock is traded on the New York Stock Exchange, or the NYSE, under the symbol WSM. The
following table sets forth the high and low closing prices of our common stock on the NYSE for the periods
indicated:
Fiscal 2006 High Low
1st Quarter $43.38 $38.40
2nd Quarter $44.33 $31.81
3rd Quarter $34.90 $28.57
4th Quarter $35.18 $30.25
Fiscal 2005 High Low
1st Quarter $37.40 $33.49
2nd Quarter $44.82 $34.08
3rd Quarter $44.05 $36.46
4th Quarter $45.09 $39.11
The closing price of our common stock on the NYSE on March 19, 2007 was $35.30. See Quarterly Financial
Information on page 66 of this Annual Report on Form 10-K for the quarter-end closing price of our common
stock for each quarter listed above.
SHAREHOLDERS
The number of shareholders of record of our common stock as of March 19, 2007 was 502. This number
excludes shareholders whose stock is held in nominee or street name by brokers.
PERFORMANCE GRAPH
Information required by this Item is incorporated by reference herein to information under the heading
“Performance Graph” in our 2006 Annual Report.
DIVIDEND POLICY
In March 2006, our Board of Directors authorized the initiation of a quarterly cash dividend. During fiscal 2006,
total cash dividends declared were approximately $45,507,000, or $0.40 per common share, of which
$34,435,000 was paid during the year and $11,072,000 was paid in February 2007 to shareholders of record as of
the close of business on January 26, 2007.
In March 2007, our Board of Directors authorized an increase in our quarterly cash dividend of $0.015 to $0.115
per common share payable on May 24, 2007 to shareholders of record as of the close of business on April 27,
2007. The aggregate quarterly dividend is estimated at approximately $12,600,000 based on the current number
of outstanding shares. The indicated annual cash dividend, subject to capital availability, is $0.46 per common
share or approximately $50,500,000 in fiscal 2007. Our quarterly cash dividend could be reduced or discontinued
at any time.
Additional information required by Item 5 is contained in Notes H and I to the Consolidated Financial Statements
in this Annual Report on Form 10-K.
18