Pier 1 2008 Annual Report Download - page 16

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PART II
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities.
Market Prices of Common Stock
The following table shows the high and low closing sale prices of the Company’s common stock on the
New York Stock Exchange (the “NYSE”), as reported in the consolidated transaction reporting system for each
quarter of fiscal 2008 and 2007.
Fiscal 2008 High Low
Market Price
First quarter ..................................................... $ 8.00 $6.48
Second quarter ................................................... 8.93 5.84
Third quarter .................................................... 6.52 3.67
Fourth quarter ................................................... 6.93 3.28
Fiscal 2007
First quarter ..................................................... $12.65 $8.07
Second quarter ................................................... 9.12 5.68
Third quarter .................................................... 7.81 5.84
Fourth quarter ................................................... 6.86 5.95
Number of Holders of Record
The Company’s common stock is traded on the NYSE. As of April 21, 2008, there were approximately
10,000 shareholders of record of the Company’s common stock.
Dividends
In fiscal 2007, the Company announced that its Board of Directors discontinued the Company’s $0.10 per
share quarterly cash dividend. The Company believed that discontinuing the cash dividend would provide
financial flexibility as it executed the Company’s turnaround strategy. The Company does not currently
anticipate paying cash dividends in fiscal 2009 and its dividend policy in the near term will depend upon the
earnings, financial condition and capital needs of the Company and other factors deemed relevant by the
Company’s Board of Directors.
The following table shows the dividends paid per share for each quarter of fiscal 2008 and 2007:
Fiscal 2008
Cash Dividends
per Share
First quarter ....................................................... —
Second quarter ..................................................... —
Third quarter ...................................................... —
Fourth quarter ..................................................... —
Fiscal 2007
Cash Dividends
per Share
First quarter ....................................................... $.10
Second quarter ..................................................... .10
Third quarter ...................................................... —
Fourth quarter ..................................................... —
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