Frontier Communications (NASDAQ:FTR) will pay a $0.10-a-share dividend for the third quarter, the company's board of directors announced today.

This will be the seventh quarter in a row that Frontier will have paid a dividend of $0.10 per share, starting with the first quarter of 2012. That is a little more than half the company's previous dividend of $0.1875 per share, which Frontier paid for six consecutive quarters and almost one-third of the $0.25 per share it was paying previous to that.

That $0.10 dividend will be payable on September 30 to holders of Frontier's common stock at the close of business on September 9.

Fool contributor Dan Radovsky owns shares of Frontier Communications. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.