Frontier Communications 2013 Annual Report Download - page 27

Download and view the complete annual report

Please find page 27 of the 2013 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 106

  • 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
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106

PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
Our common stock is currently traded on the NASDAQ Global Select Market under the symbol FTR. The
amount and timing of dividends payable on our common stock are within the sole discretion of our Board of
Directors. Effective February 16, 2012, our Board of Directors set the annual cash dividend at $0.40 per share.
Cash dividends paid to shareholders were $399.8 million and $399.4 million in 2013 and 2012, respectively.
There are no material restrictions on our ability to pay dividends.
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.
The following table indicates the high and low intra-day sales prices per share, as reported by the
NASDAQ Global Select Market, and sets forth dividends paid per share during the periods indicated.
High Low Dividend High Low Dividend
2013 2012
First Quarter......................................... $4.68 $3.71 $0.10 $5.37 $3.81 $0.10
Second Quarter . . .................................... $4.43 $3.80 $0.10 $4.44 $3.06 $0.10
Third Quarter ........................................ $4.76 $3.91 $0.10 $5.15 $3.59 $0.10
Fourth Quarter . . . .................................... $5.02 $4.16 $0.10 $4.98 $4.09 $0.10
As of February 14, 2014, the approximate number of security holders of record of our common stock was
501,760. This information was obtained from our transfer agent, Computershare Inc.
26
FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES