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SEC Filings

10-K
CINEMARK HOLDINGS, INC. filed this Form 10-K on 02/23/2018
Entire Document
 

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.

 

 

 

2016

 

 

2017

 

 

 

High

 

 

Low

 

 

High

 

 

Low

 

First Quarter (January 1 – March 31)

 

$

44.84

 

 

$

38.54

 

 

$

36.60

 

 

$

26.56

 

Second Quarter (April 1 – June 30)

 

$

44.74

 

 

$

37.61

 

 

$

36.70

 

 

$

32.60

 

Third Quarter (July 1 – September 30)

 

$

39.92

 

 

$

32.03

 

 

$

39.45

 

 

$

34.90

 

Fourth Quarter (October 1 – December 31)

 

$

39.21

 

 

$

32.60

 

 

$

42.56

 

 

$

37.73

 

 

Holders of Common Stock

As of December 31, 2017, there were 440 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:

 

 

 

 

 

 

 

Amount per

 

 

Total

 

Date

 

Date of

 

Date

 

Common

 

 

Dividends

 

Declared

 

Record

 

Paid

 

Share

 

 

(in millions)

 

2/24/2016

 

3/7/2016

 

3/18/2016

 

$

0.27

 

 

$

31.5

 

5/26/2016

 

6/8/2016

 

6/22/2016

 

$

0.27

 

 

$

31.5

 

8/18/2016

 

8/31/2016

 

9/13/2016

 

$

0.27

 

 

$

31.5

 

11/16/2016

 

12/2/2016

 

12/16/2016

 

$

0.27

 

 

$

31.5

 

Total – Year ended December 31, 2016

 

 

$

126.0

 

2/23/2017

 

3/8/2017

 

3/20/2017

 

$

0.29

 

 

$

33.9

 

5/25/2017

 

6/8/2017

 

6/22/2017

 

$

0.29

 

 

$

33.9

 

8/10/2017

 

8/31/2017

 

9/13/2017

 

$

0.29

 

 

$

33.9

 

11/17/2017

 

12/1/2017

 

12/15/2017

 

$

0.29

 

 

$

33.9

 

Total – Year ended December 31, 2017

 

 

$

135.6

 

 

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.

Performance Graph

The performance graph is incorporated by reference to the Company’s proxy statement for its annual stockholders meeting to be held on May 24, 2018 and to be filed with the SEC within 120 days after December 31, 2017.

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