iHeartMedia 2000 Annual Report Download - page 32

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32
PART II
ITEM 5. Market for Registrant’s Common Equity and Related Stockholder Matters
Our common stock trades on the New York Stock Exchange under the symbol “CCU.” There
were approximately 3,120 shareholders of record as of March 9, 2001. This figure does not include an
estimate of the indeterminate number of beneficial holders whose shares may be held of record by
brokerage firms and clearing agencies. The following table sets forth, for the calendar quarters indicated,
the reported high and low sales prices of the common stock as reported on the NYSE.
Clear Channel
Common Stock
Market Price
High Low
1999
First Quarter......................................................
$ 68.1875
$ 52.0000
Second Quarter.................................................. 74.3750
64.2500
Third Quarter..................................................... 80.8125
60.7500
Fourth Quarter................................................... 91.5000
68.5000
2000
First Quarter......................................................
95.5000
60.0000
Second Quarter.................................................. 83.0000
62.0625
Third Quarter..................................................... 85.8125
54.7500
Fourth Quarter................................................... 61.0000
43.8750
Dividend Policy
Presently, we expect to retain our earnings for the development and expansion of our business
and do not anticipate paying cash dividends in 2001. However, any future decision by our Board of
Directors to pay cash dividends will depend on, among other factors, our earnings, financial position, and
capital requirements.