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Table of Contents
PART II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information
Our common stock is traded on the NASDAQ Global Market under the symbol "ELNK." The following table sets forth the high and low
sale prices for our common stock for the periods indicated, as reported by the NASDAQ Global Market.
The last reported sale price of our common stock on the NASDAQ Global Market on January 31, 2013 was $6.80 per share.
Holders
There were 1,551 holders of record of our common stock on January 31, 2013.
Dividends
Prior to 2009, we had never declared or paid cash dividends on our common stock. During 2009, we began paying quarterly cash
dividends. During the years ended December 31, 2009, 2010, 2011 and 2012, cash dividends declared were $0.28, $0.62 , $0.20 and $0.20
per
common share, respectively, and total dividend payments were $30.0 million, $67.5 million , $22.9 million and $21.1 million
, respectively. We
currently intend to continue to pay regular quarterly dividends on our common stock. Any decision to declare future dividends will be made at
the discretion of the Board of Directors and will depend on, among other things, our results of operations, financial condition, cash requirements,
investment opportunities and other factors the Board of Directors may deem relevant. In addition, the agreements governing our Senior Notes
and our senior secured revolving credit facility contain restrictions on the amount of dividends we can pay.
30
EarthLink, Inc.
High
Low
Year Ended December 31, 2011
First Quarter
$
8.95
$
7.73
Second Quarter
8.40
7.35
Third Quarter
8.18
6.52
Fourth Quarter
7.35
5.97
Year Ending December 31, 2012
First Quarter
$
8.22
$
6.42
Second Quarter
8.59
7.16
Third Quarter
7.62
5.94
Fourth Quarter
7.36
6.11