MoneyGram 2004 Annual Report Download - page 12

Table of Contents
PART II
Item 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF
EQUITY SECURITIES
Our stock is traded on the New York Stock Exchange under the symbol MGI. Our Board of Directors declared and paid a quarterly cash dividend of $0.01 per
share of common stock in each of the third and fourth quarters of 2004. In addition, the Board of Directors declared a dividend of $0.01 per share of common
stock on February 17, 2005 to be paid on April 1, 2005 to stockholders of record on March 17, 2005. See "Management's Discussion and Analysis of
Financial Condition and Results of Operations — Stockholders' Equity" and Note 12 of the Notes to Consolidated Financial Statements. The terms of our
credit facility place restrictions on the payment of dividends. For a description of the restrictions, see Note 9 of the Notes to the Consolidated Financial
Statements. As of February 25, 2005, there were approximately 20,971 stockholders of record of our common stock.
Our separation from Viad Corp was completed on June 30, 2004 and our common stock began "regular-way trading" on the New York Stock Exchange on
July 1, 2004. Consequently, historical quarterly price information is not available for shares of our common stock for fiscal 2003 or for the quarterly periods
ended March 31, 2004 and June 30, 2004. The high and low sales prices for our common stock for the quarterly periods ended September 30, 2004 and
December 31, 2004 were as follows:
Third Quarter Fourth Quarter
Low High Low High
2004 $ 16.40 $ 22.75 $ 16.90 $ 21.52
On November 18, 2004, our Board of Directors authorized the repurchase, at our discretion, of up to 2,000,000 common shares on the open market. The
authorization was announced publicly in our press release issued on November 18, 2004. This repurchase authorization is effective until such time as the
Company has repurchased 2,000,000 common shares. There were no repurchases of common stock made outside of the Company's current repurchase
authorization. MoneyGram common stock tendered to the Company in connection with the exercise of stock options or vesting of restricted stock are not
considered repurchased shares under the terms of the repurchase authorization.
The following table sets forth information in connection with purchases made by us, or on our behalf, of shares of our common stock during the quarterly
period ended December 31, 2004. Included in the November 2004 activity are 85,955 shares surrendered to the Company in connection with the vesting of
restricted stock.
Total Number of Maximum
Shares Purchased Number of Shares
as Part of that May Yet Be
Publicly Purchased Under
Total Number of Average Price Announced Plan the Plan
Shares Purchased Paid per Share or Program or Program
October 1-October 31, 2004 — — — —
November 1-November 30, 2004 222,455 $ 20.16 136,500 1,863,500
December 1-December 31, 2004 633,799 $ 21.14 633,799 1,229,701
Item 6. SELECTED FINANCIAL DATA
The following table presents our selected consolidated financial data for the periods indicated. The information set forth below should be read in conjunction
with "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our consolidated financial statements and notes thereto.
For the basis of presentation of the information set forth below, see "Management's Discussion and Analysis of Financial Condition and Results of
Operations — Basis of Presentation." 9