Frontier Communications 2012 Annual Report Download - page 27

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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 currently traded on the NASDAQ Global Select Market under the symbol FTR. The
following table indicates the high and low intra-day sales prices per share during the periods indicated, as
reported by the New York Stock Exchange through December 15, 2011, and the NASDAQ Global Select
Market commencing on December 16, 2011.
High Low High Low
2012 2011
First Quarter. ................................................ $5.37 $3.81 $9.84 $7.68
Second Quarter . . ............................................ $4.44 $3.06 $8.97 $7.71
Third Quarter................................................ $5.15 $3.59 $8.23 $6.09
Fourth Quarter. . . ............................................ $4.98 $4.09 $6.40 $4.79
As of February 15, 2013, the approximate number of security holders of record of our common stock was
529,020. This information was obtained from our transfer agent, Computershare Inc.
DIVIDENDS
The amount and timing of dividends payable on our common stock are within the sole discretion of our
Board of Directors. From the third quarter of 2004 through the second quarter of 2010, we paid an annualized
cash dividend of $1.00 per share of common stock, paid quarterly. From the third quarter of 2010 through the
fourth quarter of 2011, we paid an annualized cash dividend of $0.75 per share of common stock, paid
quarterly. Effective February 16, 2012, our Board of Directors set the annual cash dividend at $0.40 per share.
Cash dividends paid to shareholders were $399.4 million, $746.4 million and $529.4 million in 2012, 2011 and
2010, respectively. There are no material restrictions on our ability to pay dividends. The decrease in aggregate
dividends paid in 2012, as compared to 2011, reflects the reduction in the amount of the dividend per share, as
described above. The increase in aggregate dividends paid in 2011, as compared to 2010, reflects the increase
in the number of shares outstanding as a result of the Transaction, offset in part by the reduction in the amount
of the dividend per share, as described above. The table below sets forth dividends paid per share during the
periods indicated.
A portion of the dividends is classified as total ordinary dividends and represents qualified dividends, and
a portion of the dividends is classified as non-dividend distributions and represents a return of capital.
2012 2011 2010
First Quarter ............................................. $0.10 $0.1875 $ 0.25
Second Quarter ........................................... $0.10 $0.1875 $ 0.25
Third Quarter............................................. $0.10 $0.1875 $0.1875
Fourth Quarter............................................ $0.10 $0.1875 $0.1875
26
FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES