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SEC Filings

10-K
CINEMARK HOLDINGS, INC. filed this Form 10-K on 02/27/2015
Entire Document
 


Table of Contents

PART II

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market Information

Our common equity consists of common stock, which has traded on the New York Stock Exchange since April 24, 2007 under the symbol “CNK.” The following table sets forth the historical high and low sales prices per share of our Common Stock as reported by the New York Stock Exchange for the years indicated.

 

     2013      2014  
     High      Low      High      Low  

First Quarter (January 1 – March 31)

   $ 29.76       $ 25.00       $ 33.40       $ 27.34   

Second Quarter (April 1 – June 30)

   $ 31.77       $ 26.59       $ 35.37       $ 27.29   

Third Quarter (July 1 – September 30)

   $ 31.91       $ 27.64       $ 36.51       $ 32.69   

Fourth Quarter (October 1 – December 31)

   $ 34.35       $ 31.10       $ 36.87       $ 29.42   

Holders of Common Stock

As of December 31, 2014, there were 149 holders of record of the Company’s common stock and there were no other classes of stock issued and outstanding.

Dividend Policy

Below is a summary of dividends declared for the fiscal periods indicated:

 

Date

Declared

 

Date of

Record

 

Date

Paid

 

Amount per

Common

Share (1)

 

Total

Dividends (2)

(in millions)

02/12/13

  03/04/13   03/15/13   $0.21   $24.3

05/24/13

  06/06/13   06/20/13   $0.21   24.3

08/15/13

  08/28/13   09/12/13   $0.25   29.0

11/19/13

  12/02/13   12/11/13   $0.25   29.2
       

 

Total – Year ended December 31, 2013

  $106.8
       

 

02/14/2014

  03/04/2014   03/19/2014   $0.25   $29.0

05/22/2014

  06/06/2014   06/20/2014   $0.25   29.0

08/13/2014

  08/28/2014   09/12/2014   $0.25   29.1

11/12/2014

  12/02/2014   12/11/2014   $0.25   29.1
       

 

Total – Year ended December 31, 2014

  $116.2
       

 

 

(1) 

Beginning with the dividend declared on August 15, 2013, our board of directors raised the quarterly dividend from $0.21 to $0.25 per common share.

(2) 

Includes amounts related to restricted stock unit awards that will not be paid until such awards vest.

We, at the discretion of the board of directors and subject to applicable law, anticipate paying regular quarterly dividends on our common stock. The amount, if any, of the dividends to be paid in the future will depend upon our then available cash, anticipated cash needs, overall financial condition, loan agreement restrictions, future prospects for earnings and cash flows, as well as other relevant factors. See Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operation – Liquidity and Capital Resources – Financing Activities for a discussion of dividend restrictions under our debt agreements.

 

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