Pottery Barn 2007 Annual Report Download - page 28

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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 2007 (53 Weeks) High Low
1st Quarter $36.52 $32.55
2nd Quarter $35.91 $30.73
3rd Quarter $34.28 $29.00
4th Quarter $31.44 $20.01
Fiscal 2006 (52 Weeks) 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
The closing price of our common stock on the NYSE on February 29, 2008 was $23.36. See Quarterly Financial
Information on page 64 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 February 29, 2008 was 479. 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 2007 Annual Report.
DIVIDEND POLICY
During fiscal 2007, total cash dividends declared were approximately $50,000,000, or $0.46 per common share,
of which $37,790,000 was paid during the year and $12,210,000 was paid on February 27, 2008 to shareholders
of record as of the close of business on January 25, 2008. Our quarterly cash dividend may be limited or
terminated at any time. In March 2008, our Board of Directors authorized an increase in our quarterly cash
dividend from $0.115 to $0.12 per common share.
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.
STOCK REPURCHASE PROGRAM
During fiscal 2007, we repurchased and retired a total of 6,195,500 shares of common stock completing all
programs previously authorized, at a weighted average cost of $30.73 per share and an aggregate cost of
approximately $190,378,000.
18