Thrifty Car Rental 2010 Annual Report Download - page 31

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PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
DTG’s common stock is listed on the New York Stock Exchange under the trading symbol “DTG.”
The high and low closing sales prices for the common stock for each quarterly period during 2010
and 2009 were as follows:
First Second Third Fourth
Quarter Quarter Quarter Quarter
2010
High 34.60$ 51.55$ 52.34$ 50.00$
Low 23.84$ 32.09$ 41.06$ 45.76$
2009
High 1.60$ 14.14$ 25.84$ 27.23$
Low 0.62$ 1.29$ 13.80$ 18.01$
The 28,780,054 shares of common stock outstanding at February 22, 2011 were held by
approximately 2,900 registered and beneficial holders.
The Company has not paid cash dividends since completion of its initial public offering in December
1997. Currently, the Company does not anticipate paying any cash dividends in the foreseeable
future. The payment of cash dividends is subject to limitations under the Senior Secured Credit
Facilities.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
On February 24, 2011, the Company announced that its Board of Directors had authorized a share
repurchase program providing for the repurchase of up to $100 million of the Company’s common
stock. The share repurchase program is discretionary and has no expiration date. Subject to
applicable law, the Company may repurchase shares directly in the open market, in privately
negotiated transactions, or pursuant to derivative instruments or plans complying with SEC Rule
10b5-1, among other types of transactions and arrangements. Additionally, share repurchases are
subject to applicable limitations under the Senior Secured Credit Facilities. The share repurchase
program may be suspended or discontinued at any time.
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