Frontier Communications Q1 Net Up 80%, Dividend Declared

Frontier Communications (NASDAQ: FTR  ) has announced its latest dividend payout as it reports an 80% boost in net income in its just-released quarterly results.

For the quarter, revenue was $1.21 billion, down from the $1.27 billion in the same period the previous year. Attributable net income, on the other hand, grew considerably to more than $48 million ($0.05 per share), beating Q1 2012's $27 million ($0.03).

Analysts had been expecting revenue of $1.22 billion and EPS of $0.06.

Frontier Communications also maintained its existing guidance. For full-year 2013, the company believes it will see capital expenditures of $625 million to $675 million, and free cash flow of $825 million to $925 million.

Lastly, the company declared a quarterly dividend. It will hand out $0.10 per share of its common stock on June 28 to shareholders of record as of June 7. This amount matches the company's previous five quarterly distributions.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2412268, ~/Articles/ArticleHandler.aspx, 10/31/2014 2:24:54 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement