Northrop Grumman 2009 Annual Report Download - page 32

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PART I I
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases
of Equity Securities
(a) Market Information.
Our common stock is listed on the New York Stock Exchange.
The following table sets forth, for the periods indicated, the high and low closing sale prices of our
common stock as reported in the consolidated reporting system for the New York Stock Exchange
Composite Transactions:
2009 2008
January to March $49.72 to $34.35 $82.57 to $76.41
April to June $50.54 to $43.98 $79.12 to $66.53
July to September $52.75 to $43.23 $71.68 to $60.54
October to December $56.84 to $49.59 $56.86 to $34.20
(b) Holders.
The approximate number of common stockholders was 34,020 as of February 5, 2010.
(c) Dividends.
Quarterly dividends per common share for the most recent two years are as follows:
2009 2008
January to March $0.40 $0.37
April to June 0.43 0.40
July to September 0.43 0.40
October to December 0.43 0.40
$1.69 $1.57
We paid a quarterly dividend of $1.75 per share for the first quarter of 2008 to the holders of the
mandatorily redeemable preferred shares.
Common Stock
We have 800,000,000 shares authorized at a $1 par value per share, of which 306,865,201 and
327,012,663 shares were outstanding as of December 31, 2009, and 2008, respectively.
Preferred Stock
We had 10,000,000 mandatorily redeemable shares authorized with a liquidation value of $100 per share
(designated as Series B Convertible Preferred Stock), of which zero shares were issued and outstanding as of
December 31, 2009, and 2008.
On February 20, 2008, our board of directors approved the redemption of the 3.5 million shares of Series B
Convertible Preferred Stock on April 4, 2008. Substantially all of the preferred shares were converted into
common stock at the election of stockholders prior to the redemption date. All remaining non-converted
shares were redeemed on the redemption date. We issued approximately 6.4 million shares of common stock
as a result of the conversion and redemption.
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NORTHROP GRUMMAN CORPORATION
eBP - v54508-i003_a.pdf - Page 26 of 124 - March 11, 2010 - 20:02:39