NORWALK, Conn.--(BUSINESS WIRE)--
Frontier Communications Corporation (NASDAQ:FTR) announced today that
its Board of Directors has declared a regular quarterly dividend on
Frontier’s 11.125% Mandatory Convertible Preferred Stock, Series A, of
$2.78125 per share, payable in cash on September 29, 2017 to holders of
record at the close of business on September 15, 2017.
The Board of Directors also has declared a regular quarterly cash
dividend of $0.60 per share of common stock, payable on September 29,
2017 to holders of record at the close of business on September 15,
2017. This $0.60 per share common stock dividend, as compared to the
$0.04 per share common stock dividend declared and paid in Q1 of 2017,
reflects the July 10, 2017 one-for-fifteen reverse stock split of
Frontier’s common stock.
About Frontier Communications
Frontier Communications Corporation (NASDAQ:FTR) is a leader in
providing communications services to urban, suburban, and rural
communities in 29 states. Frontier offers a variety of services to
residential customers over its fiber-optic and copper networks,
including video, high-speed internet, advanced voice, and Frontier Secure®
digital protection solutions. Frontier Business Edge™ offers
communications solutions to small, medium, and enterprise businesses.
More information about Frontier is available at www.frontier.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170726006319/en/
Frontier Communications Corporation
Investor:
Luke
Szymczak
Vice President, Investor Relations
203-614-5044
luke.szymczak@ftr.com
or
Media:
Brigid
Smith
AVP, Corp. Comm.
203-614-5042
brigid.smith@ftr.com
Source: Frontier Communications Corporation