Computer Associates 2008 Annual Report Download - page 31

Part II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
During fiscal 2008 and through April 27, 2008, our common stock was traded on the New York Stock Exchange under
the symbol “CA.” On April 28, 2008, we commenced trading on The NASDAQ Global Select Market tier of The
NASDAQ Stock Market LLC under the same symbol. The following table sets forth, for the fiscal quarters indicated, the
quarterly high and low closing sales prices on the New York Stock Exchange:
HIGH LOW HIGH LOW
FISCAL 2008 FISCAL 2007
Fourth Quarter $ 26.31 $ 21.26 $ 27.21 $ 23.32
Third Quarter $ 27.18 $ 24.15 $ 25.28 $ 21.50
Second Quarter $ 26.68 $ 23.41 $ 24.28 $ 19.10
First Quarter $ 28.21 $ 25.39 $ 27.19 $ 20.55
On March 31, 2008, the closing price for our common stock on the New York Stock Exchange was $22.50. As of
March 31, 2008 we had approximately 9,700 stockholders of record.
We have paid cash dividends each year since July 1990. For fiscal 2008, 2007 and 2006, we paid annual cash dividends
of $0.16 per share, which have been paid out in quarterly installments of $0.04 per share as and when declared by the
Board of Directors.
Purchases of Equity Securities by the Issuer
On June 29, 2006, our Board of Directors authorized a plan to repurchase up to $2 billion in shares of common stock.
This plan replaced the prior $600 million common stock repurchase plan.
On August 15, 2006, we announced the commencement of a $1 billion tender offer to repurchase outstanding common
stock, at a price not less than $22.50 and not greater than $24.50 per share. On September 14, 2006, the expiration
date of the tender offer, we accepted for purchase 41.2 million shares of common stock at a purchase price of $24.00
per share, for a total price of $989 million, which excludes bank, legal and other associated charges. Upon completion of
the tender offer, we retired all of the shares that were repurchased.
On May 23, 2007, we announced that as part of our previously authorized share repurchase plan of up to $2 billion, we
would repurchase up to $500 million of our shares under an Accelerated Share Repurchase program.
On June 20, 2007, we paid $500 million to repurchase shares of our common stock and received 16.9 million shares
from a third-party financial institution at inception of the Accelerated Share Repurchase program. On November 21,
2007, we concluded the Accelerated Share Repurchase program. Based on the terms of the agreement between us and
the third-party financial institution, we received 3.0 million additional shares of our common stock at the conclusion of
the program in November 2007 at no additional cost. The average price paid under the Accelerated Share Repurchase
program was $25.13 per share and total shares repurchased was 19.9 million.
The remaining authority under the previously authorized plan to repurchase up to $2 billion in shares of common stock
has expired. Any potential future repurchases will be considered by us in the normal course of business.
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