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Frontier Communications Corporation Message Board

  • audphil78 audphil78 Jan 31, 2013 3:23 AM Flag

    Dividend Could be in Jeopardy due to S&P

    The last time they cut the dividend was in response to a negative outlook from S&P and their desire to show that they would apply more cash flow to bring down their leverage. Now they have been hit again with S&P saying that they would consider an upgrade if they have more cash flow dedicated to paying down debt (i.e. reduce the dividend.) This will cause huge pressure on them to comply if they have any desire to re-fi more of their debt (as they did this past year!)

    This is the first indication, in my opinion, that the dividend COULD be cut again.

6.79+0.04(+0.59%)Aug 29 4:00 PMEDT

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