After the close on Thursday, Frontier Communications (NASDAQ:FTR) declared its quarterly dividend of 10 cents per share, a decrease of about 47% from the prior amount. Based on the current stock price, investors can expect a yield of about 8.7% going forward.
Shares of FTR were higher on the news, picking up 3.6% so far.
In other dividend news, Encana (NYSE:ECA) maintained its quarterly dividend of 20 cents per share. Eastman Chemical Company (NYSE:EMN) maintained its quarterly dividend of 26 cents per share. Dentsply International (NASDAQ:XRAY) maintained its quarterly dividend of 5.5 cents per share. And Chicago Bridge & Iron (NYSE:CBI) maintained its quarterly dividend of 5 cents per share.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.