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The principal market for our Class A common stock is the New York Stock Exchange (“NYSE”), where it is traded under the symbol “WHD.” No public trading market currently exists for our Class B common stock.
−Removed: As of December 31, 2020, there was one holder of record of our Class A common stock.
−Removed: This number excludes owners for whom Class A common stock may be held in “street name.” There were five holders of record of our Class B common stock.
+Added: As of December 31, 2021, there were three holders of record of our Class A common stock.
+Added: This number excludes owners for whom Class A common stock may be held in “street name.” There were seven holders of record of our Class B common stock.
In October 2019, our board of directors authorized the introduction of a regular quarterly cash dividend of $0.09 per share of Class A common stock.
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however, a corresponding distribution up to the same amount per share as our Class A common stockholders is paid to our CW Unitholders for any dividends declared on our Class A common stock.
−Removed: We have paid quarterly dividends uninterrupted since initiation of the program by our board of directors.
−Removed: In fiscal year 2020, the annual dividend rate for our Class A common stock was $0.36 per share.
−Removed: We currently intend to continue paying the quarterly dividend while retaining the balance of future earnings, if any, to finance the growth of our business.
−Removed: However, our future dividend policy is within the discretion of our board of directors and will depend upon then-existing conditions, including our results of operations, financial condition, capital requirements, investment opportunities, statutory and contractual restrictions on our ability to pay dividends and other factors our board of directors may deem relevant.
+Added: We have paid quarterly dividends uninterrupted since initiation of the program and in July 2021, our board of directors approved an increase in the quarterly cash dividend to $0.10 per share of Class A common stock.
+Added: In fiscal year 2021, the annual dividend rate for our Class A common stock was $0.38 per share compared to $0.36 per share in fiscal year 2020.
+Added: In January 2022, our board of directors approved an additional increase in the quarterly cash dividend of $0.01 per share to $0.11 per share of Class A common stock.
+Added: We currently intend to continue paying the quarterly dividend at the current levels while retaining the balance of future earnings, if any, to finance the growth of our business.
+Added: We would seek to increase the dividend in the future if our financial condition and results of operations permit.
+Added: Our future dividend policy is within the discretion of our board of directors and will depend upon then-existing conditions, including our results of operations, financial condition, capital requirements, investment opportunities, statutory and contractual restrictions on our ability to pay dividends and other factors our board of directors may deem relevant.
Performance Graph
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.