WeightWatchers 2007 Annual Report Download - page 36
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Please find page 36 of the 2007 WeightWatchers annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Dividends
We have issued a quarterly cash dividend of $0.175 per share every quarter beginning with the first quarter
of fiscal 2006. Prior to these dividends, we had not declared or paid any cash dividends on our common stock
since our acquisition by Artal in 1999.
Any decision to declare and pay dividends in the future will be made at the discretion of our Board of
Directors, after taking into account our financial results, capital requirements and other factors they may deem
relevant. Our Board of Directors may decide at any time to decrease the amount of dividends or discontinue the
payment of dividends based on these factors. The WWI Credit Facility (as defined below) also contains
restrictions on our ability to pay dividends on our common stock. See “Item 7. Management’s Discussion and
Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources—Long-Term
Debt” for a description of the WWI Credit Facility and these restrictions.
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