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The Top 10 S&P 500 Dividend Stocks for December

These dividend stocks yield no less than 5% and as much as 12%

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#2: Frontier Communications (FTR)

frontier-communications-ftr-stock-dividend-stocksFTR Dividend Yield: 8.8%

Like CenturyLink, Frontier Communications (FTR) is a regional telecom with an ugly longer term stock chart and a yield high enough to make other dividend stocks blush.

Frontier Communications stock is up 6.7% for the year-to-date, and even with the nearly 9% yield on the dividend, still lags the broader market by a wide margin. Longer term, FTR lost more than half its value since 2010 amid heavy competition and the erosion of its key small business customer base.

The worst of the share-price erosion appears to be behind FTR, and now it looks like one of the elite high-growth stocks with fat dividends. Indeed, Wall Street figures FTR has a long-term profit growth forecast of 22%.

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