Invacare 2012 Annual Report Download - page 47

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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities.
Invacare’s Common Shares, without par value, trade on the New York Stock Exchange (NYSE) under the
symbol “IVC.” Ownership of the company’s Class B Common Shares (which are not listed on NYSE) cannot be
transferred, except, in general, to family members without first being converted into Common Shares. Class B
Common Shares may be converted into Common Shares at any time on a share-for-share basis. The number of
record holders of the company Common Shares and Class B Common Shares at March 13, 2013 was 2,743
and 25, respectively. The closing sale price for the Common Shares on March 13, 2013 as reported by NYSE was
$14.72. The prices set forth below do not include retail markups, markdowns or commissions.
The range of high and low quarterly prices of the Common Shares and dividends in each of the two most
recent fiscal years were as follows:
2012 2011
High Low
Cash Dividends
Declared High Low
Cash Dividends
Declared
Quarter Ended:
December 31 .......... $ 16.45 $ 12.98 $ 0.0125 $ 24.80 $ 14.70 $ 0.0125
September 30 ......... 17.15 13.37 0.0125 34.29 22.85 0.0125
June 30 .............. 16.54 14.21 0.0125 33.58 30.99 0.0125
March 31 ............. 17.94 15.49 0.0125 31.12 27.64 0.0125
During 2012 and 2011, the Board of Directors also declared annualized dividends of $0.045 per Class B
Common Share. For information regarding limitations on the payment of dividends in the company loan and note
agreements, see Long Term Debt in the Notes to the Consolidated Financial Statements included in this report.
The Common Shares are entitled to receive cash dividends at a rate of at least 110% of cash dividends paid on
the Class B Common Shares. See Item 7. Management’s Discussion and Analysis of Financial Condition and
Results of Operations - Liquidity and Capital Resources, regarding covenants in the company’s senior credit
facility with respect to the payment of dividends.
I-41