Windstream 2009 Annual Report Download - page 96

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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) On December 10, 2009, Windstream voluntarily moved its stock exchange listing from the New York Stock
Exchange (“NYSE”) to the NASDAQ Global Select Market. Windstream common stock is traded on the
NASDAQ Global Select Market under the symbol “WIN”. The following table reflects the range of high, low and
closing prices of Windstream’s common stock as reported by Dow Jones & Company, Inc. for each quarter in
2009 and 2008.
Year Quarter High Low Close
Dividend
Declared
2009 4th $11.65 $ 9.62 $10.99 $0.25
3rd $10.34 $ 7.71 $10.13 $0.25
2nd $ 9.13 $ 7.85 $ 8.36 $0.25
1st $ 9.48 $ 6.28 $ 8.06 $0.25
2008 4th $11.13 $ 6.37 $ 9.20 $0.25
3rd $12.94 $10.70 $10.94 $0.25
2nd $15.00 $11.31 $12.34 $0.25
1st $13.10 $10.40 $11.95 $0.25
As of February 16, 2010, the approximate number of holders of common stock, including an estimate for those
holding shares in street name, was 177,000.
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” in the Financial Supplement to this annual report on Form 10-K.
(b) Not applicable.
(c) Information pertaining to the repurchase of Windstream shares is included below.
(1) In February 2008, the Windstream Board of Directors approved a stock repurchase program for up to $400.0
million of the Company’s common stock continuing until December 31, 2009. During the fourth quarter of
2009, the Company repurchased 7.8 million of its common shares at a cost of $77.8 million. The Company
repurchased 13.0 million shares totaling $121.3 million during 2009 bringing total repurchases under the
stock repurchase program to 29.0 million shares for approximately $321.6 million. The stock repurchase
program expired on December 31, 2009.
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