Frontier Communications Corporation (NASDAQ:FTR) announced that its Board of Directors has declared a regular and final quarterly dividend on Frontier’s 11.125% Mandatory Convertible Preferred Stock, Series A (the “Preferred Stock”), of $2.78125 per share (the “Preferred Dividend”). As an update on Frontier’s press release issued on May 1, 2018, the Preferred Dividend will be payable in cash on June 29, 2018, the day the Preferred Stock converts into common stock, and the Preferred Dividend is payable to the holders of Preferred Stock presenting such shares for conversion on June 29, 2018.
the conversion rate...
1 1/3 shares of common stock for every preferred share
