Frontier Communications Corp Class B Stock To Go Ex-dividend Tomorrow (FTR)

NEW YORK ( TheStreet) -- The ex-dividend date for Frontier Communications Corp Class B (Nasdaq: FTR) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $4.38 as of 9:30 a.m. ET, the dividend yield is 8.8%.

The average volume for Frontier Communications Corp Class B has been 16.2 million shares per day over the past 30 days. Frontier Communications Corp Class B has a market cap of $4.73 billion and is part of the technology sector and telecommunications industry. Shares are down 11.7% year to date as of the close of trading on Monday.

Frontier Communications Corporation provides communications services for residential and business customers in the United States. The company has a P/E ratio of 30.3, below the average telecommunications industry P/E ratio of 31.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Frontier Communications Corp Class B as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Frontier Communications Corp Class B Ratings Report.

See our dividend calendar or top-yielding stocks list.

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