Sally Beauty Supply 2013 Annual Report Download - page 49

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PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market for the Registrant’s Common Equity
(a) Market Information
Our common stock is listed on the New York Stock Exchange, Inc., or the NYSE, under the symbol
‘‘SBH.’’ The following table sets forth the high and low sales prices of our common stock during the fiscal
years ended September 30, 2013 and 2012.
Quarter Ended High Low
Fiscal Year 2013:
September 30, 2013 ................................. $31.86 $25.25
June 30, 2013 ...................................... $31.62 $28.27
March 31, 2013 .................................... $29.94 $23.57
December 31, 2012 .................................. $26.57 $22.49
Fiscal Year 2012:
September 30, 2012 ................................. $28.29 $23.95
June 30, 2012 ...................................... $28.35 $24.65
March 31, 2012 .................................... $25.63 $19.63
December 31, 2011 .................................. $21.85 $15.93
(b) Holders
As of November 8, 2013, there were 1,084 stockholders of record of our common stock.
(c) Dividends
We have not declared or paid dividends at any time during the two fiscal years prior to the date of this
Annual Report.
We currently anticipate that we will retain future earnings to support our growth strategy, to repay
outstanding debt or fund additional share repurchases. We do not anticipate paying regular cash dividends
on our common stock in the foreseeable future. Any payment of future cash dividends will be at the
discretion of our Board of Directors and will depend upon, among other things, future earnings,
operations, capital requirements, our general financial condition, contractual restrictions (including those
present in the agreements and instruments governing our debt) and general business conditions. We
depend on our subsidiaries for cash and unless we receive dividends, distributions, advances, transfers of
funds or other cash payments from our subsidiaries, we will be unable to pay any cash dividends on our
common stock in the future. However, none of our subsidiaries are obligated to make funds available to us
for payment of dividends. Further, the terms of our subsidiaries’ debt agreements and instruments
significantly restrict the ability of our subsidiaries to make certain Restricted Payments to us. Finally, we
and our subsidiaries may incur substantial additional indebtedness in the future that may severely restrict
or prohibit our subsidiaries from making distributions, paying dividends or making loans to us. Please see
‘‘Risk Factors—Risks Relating to Our Substantial Indebtedness’’ and Note 13 of the ‘‘Notes to
Consolidated Financial Statements’’ in ‘‘Item 8—Financial Statements and Supplementary Data.’’
32