What happened

Shares of Frontier Communications (NASDAQ:FTR) fell 29.8% lower in November 2017, according to data from S&P Global Market Intelligence. It was a tragedy in three parts.

So what

Frontier's difficult month started with a 24% plunge on November 1, triggered by a disappointing third-quarter earnings report. The next week, a Merrill Lynch analyst slashed his price target on the stock from $19 to $4 per share, noting that the huge dividend yield might be unsustainable. The stock got another 15% haircut that day, erasing all of the previous week's recovery and then some. Finally, Frontier investors suffered another 24% setback on November 24, on no real news at all.

Man in a navy suit, holding the handset of a red landline phone in his hands with a shocked expression on his face.

Image source: Getty Images.

Now what

Frontier investors are running low on hope, as the regional telecom continues to inch toward the edge of a cliff. The stock has lost 83% of its value in 2017, triggering a 15-for-1 reverse stock split and a drastic dividend reduction along the way. Even so, the plunging stock price has held the dividend yield at a downright silly 27%.

This is not the dividend stock you are looking for, dear investor. Run away and don't look back. Frontier doesn't look like a turnaround candidate in any way, shape, or form.