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The Company’s Common Stock trades on The Nasdaq Stock Market under
the symbol “ABFS”. The following table sets forth the high and low recorded last
sale prices of the Common Stock during the periods indicated as reported by Nasdaq and the
cash dividends declared:
Cash
High Low Dividend
1995
First quarter $13.000 $10.500 $.01
Second quarter 11.500 7.938 .01
Third quarter 13.875 8.500 .01
Fourth quarter 11.875 6.625 .01
1994
First quarter $15.750 $12.625 $.01
Second quarter 13.375 10.125 .01
Third quarter 14.375 11.375 .01
Fourth quarter 14.125 10.250 .01
At February 14, 1996, there were 19,515,758 shares of the Company’s stock outstanding which were held by 835 shareholders of record and through approximately 5,500 nominee or street name accounts with brokers. The declaration and payment of, and the timing, amount and form of future dividends on the Common Stock will be determined based on the Company’s results of operations, financial condition, cash requirements, certain corporate law requirements and other factors deemed relevant by the board of directors. The Company’s credit agreement limits the total amount of “restricted payments” that the Company may make, including dividends on its capital stock, to $6.5 million in any one calendar year. The annual dividend requirements on the Company’s preferred stock issued February 3, 1993 (approximately $4.3 million) and dividends paid on the Common Stock at the quarterly rate of $.01 per share (approxi-mately $0.8 million based on the current number of issued and outstanding shares) would aggregate dividends of approximately $5.1 million on an annual basis. |
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