Dish Network 2010 Annual Report Download - page 47

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40
40
Dividend. On December 2, 2009, we paid a cash dividend of $2.00 per share, or approximately $894 million, on our
outstanding Class A and Class B common stock to shareholders of record at the close of business on November 20,
2009.
While we currently do not intend to declare additional dividends on our common stock, we may elect to do so from
time to time. Payment of any future dividends will depend upon our earnings and capital requirements, restrictions in
our debt facilities, and other factors the Board of Directors considers appropriate. We currently intend to retain our
earnings, if any, to support future growth and expansion although we expect to repurchases shares of our common
stock from time to time. See further discussion under “Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations – Liquidity and Capital Resources” in this Annual Report on Form 10-K.
Securities Authorized for Issuance Under Equity Compensation Plans. See “Item 12. Security Ownership of
Certain Beneficial Owners and Management and Related Stockholder Matters” in this Annual Report on Form 10-K.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The following table provides information regarding purchases of our Class A common stock made by us for the period
from October 1, 2010 through December 31, 2010.
Period
Total
Number of
Shares
Purchased
Average
Price Paid
per Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
Maximum Approximate
Dollar Value of Shares
that May Yet be
Purchased Under the
Plans or Programs (1)
October 1, 2010 - October 31, 2010............... - -$ - 893,317$
November 1, 2010........................................... - -$ - 893,317$
November 2, 2010 - November 30, 2010........ - -$ - 1,000,000$
December 1, 2010 - December 31, 2010......... 21,974 18.01$ 21,974 999,604$
Total................................................................ 21,974 18.01$ 21,974 999,604$
(In thousands, except share data)
(1) Our Board of Directors previously authorized stock repurchases of up to $1.0 billion of our Class A common
stock. On November 2, 2010, our Board of Directors extended the plan and authorized an increase in the
maximum dollar value of shares that may be repurchased under the plan, such that we are currently authorized
to repurchase up to $1.0 billion of our outstanding shares of our Class A common stock through and including
December 31, 2011. Purchases under our repurchase program may be made through open market purchases,
privately negotiated transactions, or Rule 10b5-1 trading plans, subject to market conditions and other factors.
We may elect not to purchase the maximum amount of shares allowable under this program and we may also
enter into additional share repurchase programs authorized by our Board of Directors.