This Stock has an 11% Dividend Yield

Frontier Communications...symbol a cable company.  I don't know anything about this company, but I bought some for a long-term investment.

Here's why:

1) It's current dividend yield is over 11%.

2) It is coming off of the same levels around $3.15 that it found support at in 2012 and it is starting to trend upwards.

3) It is close to breaking the downtrend that began in July.

My initial stop-out was $3.15 and now I've moved it up to $3.50.  I'll keep moving that up if it continues to rally.  My long-term price target is $5.25 because that it the level that it was trading at in July before the recent selloff began.