Avis 2010 Annual Report Download - page 38

Table of Contents
PART II
Market Price of Common Stock
Our common stock is currently traded on the NASDAQ Global Select Market under the symbol “CAR”. Prior to December 31, 2010, our
common stock was listed on the New York Stock Exchange (“NYSE”), and the following table sets forth the quarterly high and low sales prices
per share of our common stock as reported by NYSE for 2010 and 2009. At January 31, 2011, the number of stockholders of record was
approximately 3,823.
Dividend Policy
We paid no cash dividends on our common stock in 2010 and 2009 and we do not anticipate paying dividends on our common stock for the
foreseeable future. Our ability to pay dividends to holders of our common stock is limited by the Company’s senior credit facilities, the
indentures governing our senior notes and our vehicle financing programs, insofar as we may seek to pay dividends out of funds made available
to Avis Budget Group by Avis Budget Car Rental and/or its subsidiaries. The declaration and payment of future dividends to holders of our
common stock will be at the discretion of our Board of Directors and will depend upon many factors, including our financial condition, earnings,
capital requirements of our businesses, covenants associated with certain debt obligations, legal requirements, regulatory constraints, industry
practice and other factors that the Board of Directors deems relevant.
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ITEM 5.
MARKET FOR REGISTRANT
’
S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
2010
High
Low
First Quarter
$
13.63
$
9.66
Second Quarter
16.85
9.76
Third Quarter
12.89
8.57
Fourth Quarter
15.64
10.78
2009
High
Low
First Quarter
$
1.20
$
0.34
Second Quarter
5.93
0.76
Third Quarter
14.14
5.10
Fourth Quarter
13.85
8.08