Travelers 2006 Annual Report Download - page 76

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PART II
Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The Company’s common stock is traded on the New York Stock Exchange,where it is assigned the
symbol “TRV.” The number of holders of record, including individual owners, of the Company’s common
stock was 89,234 as of February 15, 2007. This is not the actual number of beneficial owners of the
Company’s common stock, as shares are held in “street name” by brokers and others on behalf of
individual owners. The following table sets forth the amount of cash dividends declared per share and the
high and low closing sales prices of the Company’s common stock for each quarter during the last two
fiscal years.
High Low
Cash
Dividend
Declared
2006
FirstQuarter .................................... $47.65 $40.75 $0.23
Second Quarter.................................. 45.86 41.020.26
ThirdQuarter.................................... 47.39 42.620
.26
Fourth Quarter.................................. 54.23 46.43 0.26
2005
FirstQuarter .................................... $39.40 $35.89 $0.22
Second Quarter.................................. 39.87 33.710.23
ThirdQuarter.................................... 45.14 39.600
.23
Fourth Quarter.................................. 46.70 41.37 0.23
The Company paid cash dividends per share of $1.01 in 2006 and $0.91 in2005. Future dividend
decisions will be based on and affected by a number of factors, including the operating results and financial
requirements of the Company and the impact of dividend restrictions. For information on dividends,
including dividend restrictions included in certain long-term loan orcredit agreements of the Company
and its subsidiaries, as well as restrictions on the ability of certain of the Company’s subsidiaries to transfer
funds to the Company in the form of cash dividends or otherwise, see “Item 7—Management’s Discussion
and Analysisof Financial Condition andResults of Operations—Liquidity and Capital Resources.”
Dividends will be paid bythe Company only if declared by its Board of Directors out of funds legally
available, and subject to any other restrictions that may be applicable to the Company.