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More Dividend Cuts To Come For Telecoms: Windstream (WIN), Frontier (FTR) And More 0 comments
With recent news of CenturyLink's (NYSE:CTL) big dividend cut, questions arise about the other major land-line telecom companies, Windstream (NASDAQ:WIN) and Frontier Communications (NASDAQ:FTR), and whether dividend cuts for these companies are to come. The fundamental issue for these cuts and an expected earnings decline for all of these companies is their deteriorating business models, with all three telecoms already missing earnings estimates for their December-ended quarter.
CenturyLink's last quarter earnings indicated that the telecom company plans to cut its dividend by 25%. CenturyLink's decision to cut its dividend was done in an effort to better redirect cash flow, but the stock was punished and tumbled over 20%. For the same period, CenturyLink's major peers, Windstream and Frontier, also saw big selloffs...
read the rest at stockpucker...
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