Frontier Communications 2008 Annual Report Download - page 19

Download and view the complete annual report

Please find page 19 of the 2008 Frontier Communications annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 99

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99

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 FTR. The following
table indicates the high and low prices per share during the periods indicated.
High Low High Low
2008 2007
First Quarter ............................................ $12.84 $ 9.75 $15.58 $13.92
Second Quarter . ........................................ $11.96 $10.01 $16.05 $14.80
Third Quarter . . . ........................................ $12.94 $11.14 $15.62 $12.50
Fourth Quarter . . ........................................ $11.80 $ 6.35 $14.54 $12.03
As of January 30, 2009, the approximate number of security holders of record of our common stock was
24,517. 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. Commencing with the third quarter of 2004, we instituted a regular annual cash dividend of
$1.00 per share of common stock to be paid quarterly. Cash dividends paid to shareholders were approximately
$318.4 million, $336.0 million and $323.7 million in 2008, 2007 and 2006, respectively. There are no material
restrictions on our ability to pay dividends. The table below sets forth dividends paid per share during the
periods indicated.
2008 2007 2006
First Quarter............................................... $0.25 $0.25 $0.25
Second Quarter . ........................................... $0.25 $0.25 $0.25
Third Quarter. . . ........................................... $0.25 $0.25 $0.25
Fourth Quarter. . ........................................... $0.25 $0.25 $0.25
18
FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES