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The Companys 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
1996
First quarter $9.375 $5.000 $.01
Second quarter 9.250 6.875 -
Third quarter 7.688 5.125 -
Fourth quarter 7.375 4.125 -
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
At March 10, 1997, there were 19,504,473 shares of the Companys stock outstanding which were held by 959 shareholders of record and through approximately 7,000 nominee or street name accounts with brokers. The Companys Board of Directors suspended payment of dividends on the Companys Common Stock during the second quarter of 1996. The declaration and payment of, and the timing, amount and form of future dividends on the Common Stock will be determined based on the Companys results of operations, financial condition, cash requirements, certain corporate law requirements and other factors deemed relevant by the Board of Directors. The Companys 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 Companys preferred stock totals approximately $4.3 million. |
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