Windstream 2013 Annual Report Download - page 120

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22
Stock Performance
Set forth below is a line graph showing comparisons of annual stockholder returns since December 31, 2008. The graph
includes the total cumulative stockholder returns on our common stock, and comparative returns on the S&P 500 Stock Index
and the S&P Telecom Index. The S&P Telecom Index consists of the following companies: AT&T Inc., CenturyLink, Inc.,
Crown Castle International Corp., Frontier Communications Corp., Sprint Communications, Inc., T-Mobile US, Inc., Verizon
Communications Inc., Windstream Holdings, Inc. The graph assumes that the value of the investment was $100.00 on
December 31, 2008 and that all dividends and other distributions were reinvested.
Total Cumulative Shareholder Returns
2008 2009 2010 2011 2012 2013
Windstream $100.00 $133.11 $183.35 $167.38 $130.57 $142.28
S&P 500 $100.00 $126.45 $145.49 $148.55 $172.30 $228.09
S&P Telecom $100.00 $108.93 $129.59 $137.71 $162.92 $181.60
The graph and table above provide the cumulative change of $100.00 invested on December 31, 2008, including reinvestment
of dividends, for the periods indicated.
The foregoing performance graph contained in Item 5 shall not be deemed to be soliciting material or be filed with the
Securities and Exchange Commission or subject to the liabilities of Section 18 of the Securities Exchange Act of 1934, as
amended.