New Quarterly Dividend Rate of $0.1875 Now Effective
STAMFORD, Conn.--(BUSINESS WIRE)--
Frontier Communications Corporation (NYSE: FTR) announced today that its
Board of Directors has declared a regular quarterly cash dividend
payment of $0.1875 per share of common stock, payable on September 30,
2010 to holders of record of common stock at the close of business on
September 9, 2010. On May 13, 2009, Frontier announced its intention to
establish a new annual dividend policy of $0.75 per annum, subject to
applicable law and within the discretion of its Board of Directors,
after the closing of its acquisition of Verizon’s local wireline
operations in 14 states, which closed on July 1, 2010.
About Frontier Communications
Frontier Communications Corporation (NYSE: FTR) offers voice, High-Speed
Internet, satellite video, wireless Internet data access, data security
solutions, bundled offerings, specialized bundles for small businesses
and home offices, and advanced business communications Access Solutions
for medium and large businesses in 27 states and with approximately
14,600 employees. More information is available at www.frontier.com
and www.frontier.com/ir.
Source: Frontier Communications Corporation
Contact:
Frontier Communications Corporation
Investor:
David
Whitehouse, 203-614-5708
SVP & Treasurer
david.whitehouse@frontiercorp.com
or
Gregory
Lundberg, 203-614-5044
Director, Investor Relations
greg.lundberg@frontiercorp.com
or
Media:
Brigid
Smith, 203-614-5042
AVP Corp. Comm.
brigid.smith@frontiercorp.com