3 Dividend Stocks for Your Watchlist
Published Mon, 01 Aug 2011 on The Motley Fool

We can help you keep tabs on your companies with MyWatchlist.com, our free, personalized stock-tracking service. Here are three dividend stocks for your watchlist. 1. Frontier Communications (NYSE: FTR) Similar to Windstream (Nasdaq: WIN) and CenturyLink (NYSE: CTL) , Frontier Communications is a wireline company, with operations across 27 states. What makes Frontier special is that in 2010 it acquired Verizon's (Nasdaq: VZ) wireline operations, nearly tripling the size of its operations. To make the acquisition, Frontier cut its dividend 25% and took on a large debt load. The acquisition added a tremendous amount of assets, which come with large depreciation charges. These make Frontier's 10% dividend yield look unsustainable from an earnings standpoint, but they don't tell the whole story. Frontier is generating mounds of cash that more than cover the dividend.... Read more