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.

Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.