Windstream 2006 Annual Report Download - page 86

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Windstream Corporation
Form 10-K, Part II
Item 5. Market for the Registrant’s Common Equity and Related Stockholder Matters and Issuer Purchases of
Equity Securities
(a) The outstanding shares of Windstream’s Common Stock are listed and traded on the New York Stock Exchange
and trade under the symbol WIN. Prior to the merger with Valor on July 17, 2006, the Company’s common stock
was listed and traded on the New York Stock Exchange under the symbol VCG, which was registered to Valor
Communications Group, Inc. subsequent to their intial public offering on February 9, 2005. The following table
reflects the range of high, low and closing prices of Windstream’s (and Valor’s) common stock as reported by
Dow Jones & Company, Inc. for each quarter in 2006 and 2005:
Year Qtr. High Low Close
Dividend
Declared
2006 4th $14.43 $13.16 $14.22 $.25
3rd $13.63 $11.13 $13.19 $.20
July 17th $11.63 $11.43 $11.50 $.07 (1)
2nd $13.54 $11.28 $11.45 $.36
1st $13.42 $11.41 $13.16 $.36
2005 4th $13.74 $11.22 $11.40 $.36
3rd $14.38 $13.03 $13.63 $.36
2nd $14.87 $12.51 $13.80 $.36
1st $16.17 $14.20 $14.47 $.18 (2)
(1) On July 17, 2006, Alltel completed the spin-off of its wireline telecommunications business to its stockholders
and the merger of that wireline business with Valor. A partial, prorated dividend was declared by Valor for the
period in the third quarter 2006 prior to the merger.
(2) Represents the period from Valor’s Initial Public Offering, February 9, 2005 through March 31, 2005. A
partial, prorated dividend was declared by Valor for the first quarter of 2005.
As of February 23, 2006, the approximate number of stockholders of common stock including an estimate for
those holding shares in brokers’ accounts was 176,000.
For a discussion of certain restrictions on the ability of Windstream to pay dividends under its debt instruments,
see “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Financial
Condition, Liquidity and Capital Resources.”
(b) Not applicable.
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