Top S&P 500 Dividend Stocks #2 – Frontier Communications (FTR)
Once again, Frontier Communications (FTR) grabs the No. 2 spot for the top S&P 500 dividend stocks.
This long-suffering stock is having a incredible year, though, gaining 20% for the year-to-date. That comes in spite of a mixed first-quarter performance in which both earnings and revenue missed Wall Street projections.
FTR is focusing on retaining customers and cutting costs. Analysts think FTR will post profit increases in both 2014 and 2015.
Either way, as a telecom, FTR enjoys a river of free cash flow, which helps ensure the fat dividends will keep coming.