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3 High-Growth Stocks with Fat Dividends

What's better than a trifecta of rapid growth, hefty payouts and bargain-basement prices?

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Frontier Communications

Frontier Communications (NYSE:FTR)A regional telecommunications company, Frontier Communications (FTR) has seen its shares lose more than 50% since 2010 — and gain less than 5% for the year-to-date. Heavy competition and the erosion of its key small business customer in a sluggish recovery are among the biggest culprits for the drop.

But Frontier is in the midst of a turnaround, luring new customers with low-risk “no contract” offerings. It’s also shoring up its balance sheet by shedding debt.

In the meantime, this is one of the most heavily shorted stocks in the Nasdaq, so you never know when some better-than-expected news could set off a short squeeze. Additionally, Frontier’s relatively small market cap ($4.5 billion) makes it a takeover target in the consolidation-happy telecom industry.

But even if those share-popping scenarios don’t play out, Frontier promises upside through its long-term growth forecast of 22%. And the hefty 8.9% yield on the dividend sure makes it easy to wait for whatever comes next.

Article printed from InvestorPlace Media, http://investorplace.com/2013/10/growth-stocks-high-dividends-ftr-ctcm-hclp/.

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