Frontier Communications Corporation (NASDAQ:FTR) announced a quarterly dividend on Wednesday, July 26th, RTT News reports. Investors of record on Friday, September 15th will be paid a dividend of 0.60 per share by the utilities provider on Friday, September 29th. This represents a $2.40 annualized dividend and a yield of 17.44%. The ex-dividend date is Thursday, September 14th. This is an increase from Frontier Communications Corporation’s previous quarterly dividend of $0.04.

Shares of Frontier Communications Corporation (NASDAQ:FTR) opened at 13.76 on Wednesday. The firm’s market capitalization is $1.08 billion. Frontier Communications Corporation has a 52 week low of $11.65 and a 52 week high of $68.40. The company’s 50-day moving average is $14.28 and its 200 day moving average is $22.66.

Frontier Communications Corporation (NASDAQ:FTR) last posted its quarterly earnings data on Tuesday, August 1st. The utilities provider reported ($1.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.07) by ($0.03). Frontier Communications Corporation had a negative net margin of 9.35% and a negative return on equity of 1.28%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the company earned ($0.29) earnings per share. The company’s revenue was down 11.7% compared to the same quarter last year. Analysts anticipate that Frontier Communications Corporation will post ($4.13) EPS for the current fiscal year.

A number of brokerages have weighed in on FTR. Morgan Stanley dropped their target price on shares of Frontier Communications Corporation from $2.30 to $1.50 and set an “equal weight” rating on the stock in a report on Wednesday, June 14th. BidaskClub raised shares of Frontier Communications Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 20th. Zacks Investment Research raised shares of Frontier Communications Corporation from a “hold” rating to a “buy” rating and set a $1.25 target price on the stock in a report on Wednesday, July 5th. ValuEngine raised shares of Frontier Communications Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Cowen and Company reissued a “market perform” rating on shares of Frontier Communications Corporation in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Frontier Communications Corporation presently has an average rating of “Hold” and an average target price of $7.14.

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Frontier Communications Corporation Company Profile

Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).

Dividend History for Frontier Communications Corporation (NASDAQ:FTR)

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