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.
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