Frontier Communications 2006 Annual Report Download - page 19

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CITIZENS COMMUNICATIONS COMPANY AND SUBSIDIARIES
STOCKHOLDER RETURN PERFORMANCE GRAPH
The following performance graph compares the cumulative total return of our common stock to the S&P
500 Stock Index and to the S&P Telecommunications Services Index for the five-year period commencing
December 31, 2001. The graph assumes $100 was invested in our common stock as of December 31, 2001. It
also assumes reinvestment of dividends, if applicable.
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN*
Among Citizens Communications Company, The S & P 500 Index
And The S & P Telecommunication Services Index
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
$200
12/01 12/02 12/03 12/04 12/05 12/06
Citizens Communications Company S & P 500
S & P Telecommunication Services
* $100 invested on 12/31/01 in stock or index-including reinvestment of dividends. Fiscal year ending December 31.
Copyright © 2007, Standard & Poor's, a division of The McGraw-Hill Companies, Inc. All rights reserved.
www.researchdatagroup.com/S&P.htm
Cumulative Total Return
12/01 12/02 12/03 12/04 12/05 12/06
Citizens Communications Company ............ $100.00 $98.97 $116.51 $155.79 $149.07 $188.67
S&P500 ................................ 100.00 77.90 100.24 111.15 116.61 135.03
S & P Telecommunication Services ............ 100.00 65.89 70.56 84.57 79.81 109.18
RECENT SALES OF UNREGISTERED SECURITIES, USE OF PROCEEDS FROM REGISTERED
SECURITIES
None.
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