CTL
CenturyLink, Inc.NYSE
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  • Tue, Nov. 15, 4:37 PM
    • CenturyLink (NYSE:CTL) declares $0.54/share quarterly dividend, in line with previous.
    • Forward yield 8.74%
    • Payable Dec. 12; for shareholders of record Nov. 28; ex-div Nov. 23.
    | Tue, Nov. 15, 4:37 PM | 6 Comments
  • Mon, Oct. 31, 2:14 PM
    • CenturyLink (CTL -12.8%) and Level 3 Communications (LVLT +4.3%) have headed in opposite directions today after confirmation of CenturyLink's $34B deal to acquire the networking firm.
    • Level 3 has hung just off its 52-week high on the news, while CenturyLink is at its lowest point since February. The particulars of the deal -- a 49% premium to Level 3's closing last Wednesday -- may have CenturyLink's investors balking (the same folks who bid CenturyLink up 9.7% when early reports of a deal began to break last Thursday).
    • Despite that big decline, the news may be good for CenturyLink's dividend, which is likely more secure, argues Wells Fargo's Jennifer Fritsche. "Improved free cash flow will enhance the combined company's financial flexibility and significantly lower its payout ratio; CTL expects to maintain its annual dividend of $2.16 per share."
    • "The increased scale afforded by the combined company is expected to generate $975 million of annual run-rate cash synergies, primarily from the elimination of duplicative functions, systems consolidation, and increased operational and capital efficiencies," Fritsche writes.
    • The combo should also benefit from almost $10B in net operating losses that Level 3 has.
    | Mon, Oct. 31, 2:14 PM | 10 Comments
  • Tue, Aug. 23, 4:25 PM
    • CenturyLink (NYSE:CTL) declares $0.54/share quarterly dividend, in line with previous.
    • Forward yield 7.42%
    • Payable Sept. 16; for shareholders of record Sept. 2; ex-div Aug. 31.
    | Tue, Aug. 23, 4:25 PM | 7 Comments
  • Wed, May 18, 5:44 PM
    • CenturyLink (NYSE:CTL) declares $0.54/share quarterly dividend, in line with previous.
    • Forward yield 8.04%
    • Payable June 14; for shareholders of record May 31; ex-div May 26.
    | Wed, May 18, 5:44 PM | 1 Comment
  • Tue, Feb. 23, 5:07 PM
    • CenturyLink (NYSE:CTL) declares $0.54/share quarterly dividend, in line with previous.
    • Forward yield 7.38%
    • Payable March 18; for shareholders of record March 4; ex-div March 2.
    | Tue, Feb. 23, 5:07 PM | 2 Comments
  • Nov. 11, 2015, 6:20 AM
    • CenturyLink (NYSE:CTL) declares $0.54/share quarterly dividend, in line with previous.
    • Forward yield 7.55%
    • Payable Dec. 8; for shareholders of record Nov. 24; ex-div Nov. 20.
    | Nov. 11, 2015, 6:20 AM | 1 Comment
  • Oct. 13, 2015, 11:41 AM
    • Cowen & Co. launched coverage in a high-dividend zone -- telecom services -- and in that area, Frontier Communications (NASDAQ:FTR) has the "best dividend" of them all.
    • Frontier is up 2.2% as Gregory Williams and team have set an Outperform rating and a $6 price target, 15% upside from its current price of $5.22. The company's forward dividend yield sits at 8.22%.
    • "Once viewed as a legacy copper-based RLEC [Rural Local Exchange Carrier], Frontier has undergone a makeover with transformative acquisitions including an upcoming and underappreciated Verizon transaction that will favorably shift revenue mix and provide additional FCF cushion for what we view as the industry’s best dividend," Williams writes.
    • Cowen also launched CenturyLink (CTL +0.3%) at Market Perform, with a $28 target, 8% upside from a current $25.94.
    • CenturyLink's forward dividend yield is 8.35%; despite that generous yield, "legacy erosion continues. We look for improving fundamentals, specifically proof points on top-line stabilization (which should drive margin stabilization 18 months later) before getting constructive."
    | Oct. 13, 2015, 11:41 AM | 7 Comments
  • Sep. 23, 2015, 11:05 AM
    • Macquarie's Kevin Smithen says the firm's bearish thesis on data center stocks might have been flawed, and maintained an Overweight rating on DuPont Fabros (DFT -0.4%) and CenturyLink (CTL +0.3%) amid overall sentiment improvement in the area.
    • He has a price target on DuPont Fabros (his top sector pick) of $40; shares are trading at $26.08, implying 50%-plus upside. The target on CenturyLink is $37, about 45% upside from a current $25.45.
    • “Over the last year, while investors were focused on the thematic growth prospects of wireless telco, fiber and CDNs, and trying to rationalize declining lower multiples (since the 1H14 rally), data centers have gained noticeable mind-share,” he says.
    • Pricing, dividend yields and (relative) growth opportunities are "key areas of improvement" among data centers, he notes. Average yield in the companies' segment is 4.4%, while DuPont Fabros sports a 6.4% yield and Digital Realty Trust (NYSE:DLR) a 5.3% yield.
    | Sep. 23, 2015, 11:05 AM | 2 Comments
  • Aug. 25, 2015, 4:18 PM
    • CenturyLink (NYSE:CTL) declares $0.54/share quarterly dividend, in line with previous.
    • Forward yield 8.58%
    • Payable Sept. 22; for shareholders of record Sept. 8; ex-div Sept. 3.
    | Aug. 25, 2015, 4:18 PM | 5 Comments
  • Jun. 25, 2015, 1:53 PM
    • With more fallout from yesterday's analyst day, CenturyLink (NYSE:CTL) has dipped to a new 52-week low of $30.25, down 5.1% today, as JPMorgan downgrades shares to Neutral.
    • The firm lowered its price target for CTL to $35, from $42.
    • Meanwhile, UBS has reiterated its Buy rating and $39 price target, pointing to management assurances about maintaining a dividend yield of 6.76%.
    • Management spent much of the day reiterating strategy, UBS said, but also "suggested there was some unexpected wholesale/CPE pressure in 2Q, leading us to believe the full year outlook (which mgmt would not affirm or deny) could be tweaked down on the 2Q call."
    • "Mgmt reiterated the dividend is safe despite the inflation in cash taxes/payout next year (UBSe 85%). Post 2016, we estimate the payout will return to comfortable levels (60%-plus) while underlying business trends stabilize."
    | Jun. 25, 2015, 1:53 PM | 6 Comments
  • May 27, 2015, 4:41 PM
    • CenturyLink (CTL +1%) followed the market higher today and bounced off yesterday's 52-week low, despite a Citigroup report that lowered the price target on the shares to $36, from $40, and reiterated a Hold rating amid concerns about cash flow influence on the dividend.
    • Shares closed at $33.94.
    • Analyst Michael Rollins notes declines in legacy sales are putting pressure on the second half -- and putting the company at risk of missing its full-year guidance. On May 5, the company guided to the light side of Q2 revenue expectations of $4.45B.
    • And if cash flow stabilization takes too long, the company will have to increase capital intensity, he says: "The absence of meaningful improvement in the operations could lead to a more elevated payout of free cash flow in more normalized periods in 2017, which could lead to another reduction in the dividend."
    • CenturyLink reduced its dividend in March 2013 to the current $0.54, from $0.72. The company starts trading ex-dividend this Friday, before paying its quarterly $0.54 dividend on June 16.
    | May 27, 2015, 4:41 PM
  • May 20, 2015, 4:24 PM
    • CenturyLink (NYSE:CTL) declares $0.54/share quarterly dividend, in line with previous.
    • Forward yield 6.29%
    • Payable June 16; for shareholders of record June 2; ex-div May 29.
    | May 20, 2015, 4:24 PM | 2 Comments
  • Feb. 23, 2015, 5:57 PM
    • CenturyLink (NYSE:CTL) declares $0.54/share quarterly dividend, in line with previous.
    • Forward yield 5.9%
    • Payable March 20; for shareholders of record March 6; ex-div March 4.
    | Feb. 23, 2015, 5:57 PM
  • Nov. 11, 2014, 12:02 PM
    • CenturyLink (NYSE:CTL) declares $0.54/share quarterly dividend, in line with previous.
    • Forward yield 5.40%
    • Payable Dec. 5; for shareholders of record Nov. 24; ex-div Nov. 20.
    | Nov. 11, 2014, 12:02 PM
  • Aug. 19, 2014, 12:04 PM
    • CenturyLink (NYSE:CTL) declares $0.54/share quarterly dividend, in line with previous.
    • Forward yield 5.32%
    • Payable Sept. 12; for shareholders of record Aug. 29; ex-div Aug. 27.
    | Aug. 19, 2014, 12:04 PM
  • May 28, 2014, 4:50 PM
    • CenturyLink, Inc. (CTL) declares $0.54/share quarterly dividend, in line with previous.
    • Forward yield 5.71%
    • Payable June 20; for shareholders of record June 9; ex-div June 5.
    | May 28, 2014, 4:50 PM | 1 Comment