U-Haul 2007 Annual Report Download - page 18

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12
It
ul during the fourth quarter of the
fiscal year covered by this report, through the solicitation of proxies or otherwise.
t for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
E
r of
sh
wing table sets forth the high and the low sales price of the common stock of AMERCO for the periods
indicated:
Year Ended March 31,
em 4.
Submission of Matters to a Vote of Security Holders
No matter was submitted to a vote of the security holders of AMERCO or U-Ha
PART II
Item 5.
Marke
quity Securities
As of March 31, 2007 there were approximately 3,300 holders of record of the common stock. AMERCO’ s
common stock is listed on NASDAQ Global Select Market under the trading symbol “UHAL”. The numbe
areholders is derived using internal stock ledgers and utilizing Mellon Investor Services Stockholder listings.
The follo
2007 2006
High Low High Low
First quarter $ 106.95 $ 79.71 $ 56.10 $ 42.75
Second quarter $105.35 $66.22 $63.61 $ 52.80
Third quarter $ 96.89 $ 71.81 $ 73.68 $ 54.60
Fourth quarter $89.96 $59.83 $101.24 $ 65.45
The common stock of U-Haul is wholly-owned by AMERCO. As a result, no active trading market exists for the
d sale of such common stock.
D
ERCO periodically considers
th
uary 1,
20
on of certain statutory restrictions on the ability of the insurance subsidiaries to pay
di
Equity” of the “Notes to Consolidated Financial Statements” for a discussion of
stock.
P
flects the closing price
of the Common stock trading on NASDAQ on March 31, 2003, 2004, 2005, 2006, and 2007.
purchase an
ividends
AMERCO does not have a formal dividend policy. The Board of Directors of AM
e advisability of declaring and paying dividends in light of existing circumstances.
U-Haul has not declared cash dividends to AMERCO during the three most recent fiscal years. On Jan
06, U-Haul paid a non-cash dividend to AMERCO in the form of a reduction in an intercompany payable.
See Note 20 “Statutory Financial Information of Insurance Subsidiaries” of the “Notes to Consolidated Financial
Statements” for a discussi
vidends to AMERCO.
See Note 11 “Stockholders
AMERCO’ s preferred
erformance Graph
The following graph compares the cumulative total stockholder return on the Company’ s Common Stock for the
period March 31, 2002 through March 31, 2007 with the cumulative total return on the Dow Jones US Equity
Market and the Dow Jones US Transportation Average. The comparison assumes that $100 was invested on March
31, 2002 in the Company’ s Common Stock and in each of comparison indices. The graph re