Dollar Rent A Car 2007 Annual Report Download - page 31

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PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The Company’s common stock is listed on the New York Stock Exchange (“NYSE”) under the trading
symbol “DTG.” The high and low closing sales prices for the Common Stock for each quarterly period
during 2007 and 2006 were as follows:
First Second Third Fourth
Quarter Quarter Quarter Quarter
2007
High 53.00$ 50.97$ 41.50$ 36.95$
Low 44.70$ 39.85$ 28.42$ 23.27$
2006
High 46.00$ 50.00$ 45.83$ 46.53$
Low 36.98$ 42.70$ 39.06$ 39.19$
The 21,491,085 shares of Common Stock outstanding at February 22, 2008 were held by approximately
4,914 registered and beneficial stockholders of record.
The Company has not paid cash dividends since completion of its initial public offering in December
1997. The Company intends to reinvest its earnings in its business and therefore does not anticipate
paying any cash dividends in the foreseeable future.
On June 15, 2007, the Company entered into $600 million in new senior secured credit facilities (the
“Senior Secured Credit Facilities”) comprised of a $350 million revolving credit facility (the “Revolving
Credit Facility”) and a $250 million term loan (the “Term Loan”) to replace its former revolving credit
facility. Under the terms of the Revolving Credit Facility, restrictions are imposed by the lenders on the
payment of cash dividends and share repurchases. During the term of such agreement, which expires
June 15, 2013, share repurchases and dividends are permitted at the lesser of specified monetary levels
or percentages of cash flow. See “Management’s Discussion and Analysis of Financial Condition and
Results of Operation – Liquidity and Capital Resources”.
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