United Airlines 2015 Annual Report Download - page 26

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
 

UAL’s common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “UAL.” The following table sets forth the ranges of high and
low sales prices per share of UAL common stock during the last two fiscal years, as reported by the NYSE:

  
1st quarter $ 74.52 $ 62.37 $ 49.20 $ 37.50
2nd quarter 65.85 49.85 48.20 38.06
3rd quarter 62.21 49.20 52.45 36.65
4th quarter 61.87 49.76 67.77 39.46
Based on reports by the Company’s transfer agent for UAL common stock, as of February 9, 2016, there were 8,994 holders of record of UAL common stock.
UAL did not pay any dividends in 2015 or 2014. Under the restricted payment provisions of the Company’s Credit and Guaranty Agreement, dated as of
March 27, 2013 (the “Credit Agreement”), and certain indentures, UAL’s ability to pay dividends on or repurchase UAL’s common stock is subject to limits
on the amount of such payments and to certain conditions, including that no default or event of default exists under those instruments and that after giving
effect to the making of any such payments, UAL would be in compliance with a minimum fixed charge coverage ratio. Any future determination regarding
dividend or distribution payments will be at the discretion of the UAL Board of Directors, subject to the foregoing limits and applicable limitations under
Delaware law.
United paid dividends of $1.2 billion and $212 million to UAL in 2015 and 2014, respectively.
The following graph shows the cumulative total stockholder return for UAL’s common stock during the period from December 31, 2010 to December 31,
2015. The graph also shows the cumulative returns of the Standard and Poor’s (“S&P”) 500 Index and the NYSE Arca Airline Index (“AAI”) of 18 investor-
owned airlines. The comparison assumes $100 was invested on December 31, 2010 in UAL common stock.
25
Source: United Continental Holdings, Inc., 10-K, February 18, 2016 Powered by Morningstar® Document Research
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