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The Top 10 S&P 500 Dividend Stocks for November

These payout heroes are yielding as much as 12%

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#2: Frontier Communications

Frontier Communications (NYSE:FTR)Dividend Yield: 8.5%

Another regional telecommunications company, Frontier Communications (FTR), has an ugly longer-term chart, and shares are up just 11% so far this year. The 8%-plus yield, however, makes it a star of equity income names.

Heavy competition and the erosion of its key small-business customer in a sluggish recovery are among the biggest culprits for the lagging stock price, but those days might be coming to an end.

Frontier’s turnaround strategy is taking shape as it lures new customers with low-risk “no contract” offerings. It’s also shoring up its balance sheet by shedding debt. And, as we noted recently, Frontier has a long-term growth forecast of 22%.

The hefty dividend sure makes it easy to wait for the turnaround to take hold.

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