Tyson Foods 2009 Annual Report Download - page 16

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16
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
We have issued and outstanding two classes of capital stock, Class A stock and Class B stock. Holders of Class B stock may convert
such stock into Class A stock on a share-for-share basis. Holders of Class B stock are entitled to 10 votes per share while holders of
Class A stock are entitled to one vote per share on matters submitted to shareholders for approval. As of October 31, 2009, there were
approximately 34,000 holders of record of our Class A stock and 10 holders of record of our Class B stock, excluding holders in the
security position listings held by nominees.
DIVIDENDS
Cash dividends cannot be paid to holders of Class B stock unless they are simultaneously paid to holders of Class A stock. The per
share amount of the cash dividend paid to holders of Class B stock cannot exceed 90% of the cash dividend simultaneously paid to
holders of Class A stock. We have paid uninterrupted quarterly dividends on common stock each year since 1977 and expect to
continue our cash dividend policy during fiscal 2010. In both fiscal 2009 and 2008, the annual dividend rate for Class A stock was
$0.16 per share and the annual dividend rate for Class B stock was $0.144 per share.
MARKET INFORMATION
The Class A stock is traded on the New York Stock Exchange under the symbol “TSN.” No public trading market currently exists for
the Class B stock. The high and low closing sales prices of our Class A stock for each quarter of fiscal 2009 and 2008 are represented
in the table below.
Fiscal 2009
Fiscal 2008
High
Low
High
Low
First Quarter
$
12.87
$
4.40
$
18.53
$
14.11
Second Quarter
9.93
7.59
16.95
13.26
Third Quarter
13.88
9.33
19.44
13.68
Fourth Quarter
13.23
10.95
17.07
12.14
ISSUER PURCHASES OF EQUITY SECURITIES
The table below provides information regarding our purchases of Class A stock during the periods indicated.
Period
Total
Number of
Shares
Purchased
Average
Price Paid
per Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
Maximum Number
of Shares that May
Yet Be Purchased
Under the Plans or
Programs (1)
June 28 to July 25, 2009
207,871
$
12.73
-
22,474,439
July 26 to Aug. 29, 2009
172,107
11.42
-
22,474,439
Aug. 30 to Oct. 3, 2009
248,339
12.44
-
22,474,439
Total
(2
)
628,317
$
12.26
-
22,474,439
(1) On February 7, 2003, we announced our board of directors approved a plan to repurchase up to 25 million shares of Class A
stock from time to time in open market or privately negotiated transactions. The plan has no fixed or scheduled termination date.
(2) We purchased 628,317 shares during the period that were not made pursuant to our previously announced stock repurchase plan,
but were purchased to fund certain company obligations under our equity compensation plans. These transactions included
541,476 shares purchased in open market transactions and 86,841 shares withheld to cover required tax withholdings on the
vesting of restricted stock.