DSW 2011 Annual Report Download - page 20

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Table of Contents
PART II
Our Class A Common Shares are listed for trading under the ticker symbol “DSW”
on the NYSE. As of March 22, 2012, there were 145 holders of
record of our Class A Common Shares and 18 holders of record of our Class B Common Shares. The number of holders of record is based upon the
actual number of holders registered at such date and does not include holders of shares in “street names”
or persons, partnerships, associates,
corporations, or other entities identified in security position listings maintained by depositories. The following table provides our quarterly market
prices of our Class A Common Shares as reported on the NYSE and cash dividends per share for 2011 and 2010:
Dividends. On August 10, 2011, our Board of Directors declared a special dividend of $2.00
per share with a record date of September 20, 2011,
which was distributed on September 30, 2011. On both August 19, 2011 and November 22, 2011, our Board of Directors declared a quarterly dividend
of $0.15
per share with record dates of September 20, 2011 and December 19, 2011, respectively, which were distributed on September 30, 2011 and
December 30, 2011, respectively.We did not pay cash dividends in fiscal 2010.
The payment of any future dividends is at the discretion of our Board of Directors and is based on our future earnings, cash flow, financial
condition, capital requirements, changes in U.S. taxation, general economic condition and any other relevant factors. It is anticipated that dividends
will be declared on a quarterly basis. Our Credit Facility allows the payment of dividends by us or our subsidiaries provided that we meet the minimum
cash and short-term investments requirement, as defined in our Credit Facility, of $125.0 million.
Common Share Repurchases.
DSW made no purchases of its Common Shares during the fourth quarter of fiscal 2011, excluding shares withheld to
satisfy tax withholdings for stock option exercises and the vesting of restricted stock units. These shares withheld are summarized in the table below
(shares in thousands):
15
ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER
MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES.
Market Price Cash Dividends
per Share
High
Low
Fiscal 2010:
First Quarter
$
33.49
$
24.14
Second Quarter
31.55
20.96
Third Quarter
33.97
22.65
Fourth Quarter
41.84
32.76
Fiscal 2011:
First Quarter
$
48.27
$
33.10
Second Quarter
55.90
42.29
Third Quarter 55.41
37.29
$
2.15
Fourth Quarter
53.32
40.54
0.15