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Frontier Communications Corporation Message Board

  • glasscase@rocketmail.com glasscase Jun 25, 2013 11:31 AM Flag

    I admit..... I like my divi check!

    The swings in FTR have allowed me to purchase a position that is very comfortable and rewarding. In a few days I will get yet another divi check. I feel bad for the investors that got trapped or have been in far longer than myself...however from the seat I'm sitting in this is looking great.

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    • Is it safe !!!?!

    • I have only been in FTR since February, so I do not carry the baggage of those individuals who invested before the two reductions in dividends. I find it interesting that with my first dividend check the Computershare reinvestment was at $3.85, just about the low point for the stock in that three month period. This time, the official distribution date was on June 28th, so my DRIP is likely to be calculated either from Monday or Tuesday, which is likely to be the low point for the present three month period. Still expect a general range between $4.00 and $4.15, sometimes somewhat higher and sometimes somewhat lower, but on an average about that range, for the remainder of the year. With my DRIP, my overall basis continues to fall. Seeing as my plan is to hold, absent a huge swing in either direction, I like the way my divi check is bringing my basis down, and giving me a return I could find almost nowhere else.

      Sentiment: Hold

 
FTR
6.68-0.09(-1.33%)Jan 28 4:00 PMEST

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