Frontier Communications 2006 Annual Report Download - page 18

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CITIZENS COMMUNICATIONS COMPANY AND SUBSIDIARIES
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
PRICE RANGE OF COMMON STOCK
Our common stock is traded on the New York Stock Exchange under the symbol CZN. The following table
indicates the high and low prices per share during the periods indicated.
2006 2005
High Low High Low
First Quarter ...................................... $13.72 $11.97 $14.05 $12.25
Second Quarter .................................... $13.76 $12.25 $13.74 $12.16
Third Quarter ...................................... $14.31 $12.38 $13.98 $13.05
Fourth Quarter ..................................... $14.95 $13.68 $13.57 $12.08
As of January 31, 2007, the approximate number of security holders of record of our common stock was
25,053. This information was obtained from our transfer agent, Illinois Stock Transfer Company.
DIVIDENDS
The amount and timing of dividends payable on our common stock are within the sole discretion of our
Board of Directors. In 2004, we paid a special, non-recurring dividend of $2.00 per share of common stock, and
instituted a regular annual dividend of $1.00 per share of common stock to be paid quarterly. Cash dividends paid
to shareholders were approximately $323.7 million, $338.4 million and $832.8 million in 2006, 2005 and 2004,
respectively. There are no material restrictions on our ability to pay dividends. The table below sets forth
dividends paid during the periods indicated.
2006 2005 2004
First Quarter .......................... $0.25 $0.25 $ —
Second Quarter ........................ $0.25 $0.25 $ —
Third Quarter ......................... $0.25 $0.25 $2.25
Fourth Quarter ........................ $0.25 $0.25 $0.25
17