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Frontier Communications Corporation Message Board

  • WJJ_7 WJJ_7 Feb 16, 2012 4:57 PM Flag

    Dividend cut best for Co.

    I don't think anyone knows whether Maggie knew that the board wanted to cut the dividend when she promised that it would not be cut. Even if she did know, the dividend cut is the best thing for the company and stock holders. If she would have announced they were cutting the dividend without having the benefit of a strong quarterly earnings report the stock would have tanked. At least now, the excellent report will buffer some of the loss. Lowering the dividend was absolutely the right thing to do for the long term health of the company. I plan to hold this stock for a long time, and I support the board's decision.

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