Frontier Communications: How Stable Is the Dividend?

Dividend favorite Frontier Communications (FTR) got a “double upgrade” from Morgan Stanley Wednesday. Analysts bypassed neutral and went straight from “underweight” to “overweight.” A big reason is Frontier’s cheap valuation following a sell-off to below $5. Thanks to Morgan’s upgrade, the shares were 6% higher Wednesday, trading around $5.25. The current yield is a hefty [...]