Travelers 2008 Annual Report Download - page 77

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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 under the symbol
‘‘TRV.’’ The number of holders of record, including individual owners, of the Company’s common stock
was 79,710 as of February 13, 2009. 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.
Cash
Dividend
High Low Declared
2008
First Quarter ............................... $53.06 $44.92 $0.29
Second Quarter ............................. 52.15 43.40 0.30
Third Quarter .............................. 50.80 36.00 0.30
Fourth Quarter ............................. 45.20 30.50 0.30
2007
First Quarter ............................... $53.74 $49.59 $0.26
Second Quarter ............................. 56.76 51.85 0.29
Third Quarter .............................. 55.01 48.38 0.29
Fourth Quarter ............................. 55.18 50.05 0.29
The Company paid cash dividends per share of $1.19 in 2008 and $1.13 in 2007. 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, 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 Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources.’’
Dividends will be paid by the 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.
65