GO
Loading...

Frontier Comm. CEO Defends Dividend

Cramer last month threw Frontier Communications in the “Sell Block,” citing the safety of its dividend. Could a company that just took on a massive acquisition, tripling the size of Frontier, really afford the payout? Especially when you consider that said company cut its dividend 25 percent on the day the deal closed? Cramer doubted it.

Frontier CEO Maggie Wilderotter took issue with his claim, though. And she appeared on “Mad Money” on Friday to state her case. She also wanted to explain how that acquisition, buying 4.8 million access lines across 14 states from Verizon, would push her stock higher. The deck seemed stack against her, though, considering that the last company to make a similar purchase from VZ, Fairpoint Communications, eventually filed for bankruptcy.

So who’s right, Cramer or the chief exec? Watch the video to find out.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Contact Mad Money

  • Showtimes

    U.S.
    Monday - Friday 6p ET
    Australia
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.

Mad Money Moments

Cramer's New Book