CenturyLink Inc. (NYSE:CTL) announced a quarterly dividend on Tuesday, November 15th. Stockholders of record on Monday, November 28th will be paid a dividend of 0.54 per share on Monday, December 12th. This represents a $2.16 annualized dividend and a dividend yield of 8.74%.

Shares of CenturyLink (NYSE:CTL) opened at 24.72 on Wednesday. The firm has a market cap of $13.51 billion, a price-to-earnings ratio of 14.57 and a beta of 0.84. CenturyLink has a 12 month low of $21.94 and a 12 month high of $33.45. The stock’s 50 day moving average price is $26.83 and its 200 day moving average price is $28.29.

CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01. CenturyLink had a return on equity of 10.48% and a net margin of 5.22%. The firm earned $4.38 billion during the quarter. During the same period last year, the firm posted $0.70 EPS. CenturyLink’s revenue was down 3.8% on a year-over-year basis. Equities research analysts predict that CenturyLink will post $2.48 earnings per share for the current fiscal year.

Dividend History for CenturyLink (NYSE:CTL)

CTL has been the subject of several analyst reports. Zacks Investment Research downgraded CenturyLink from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Vetr raised CenturyLink from a “sell” rating to a “hold” rating and set a $29.00 target price for the company in a research report on Monday, August 8th. Royal Bank Of Canada upped their target price on CenturyLink from $29.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Monday, August 8th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $31.00 target price (up previously from $29.00) on shares of CenturyLink in a research report on Wednesday, August 10th. Finally, Jefferies Group reaffirmed a “sell” rating on shares of CenturyLink in a research report on Friday, September 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $28.26.

In other news, EVP David D. Cole sold 30,000 shares of the stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $33.00, for a total transaction of $990,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Harvey P. Perry sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $32.50, for a total value of $325,000.00. Following the sale, the director now owns 77,607 shares in the company, valued at $2,522,227.50. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. National Asset Management Inc. boosted its stake in shares of CenturyLink by 4.8% in the second quarter. National Asset Management Inc. now owns 8,021 shares of the company’s stock worth $234,000 after buying an additional 369 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of CenturyLink by 5.7% in the second quarter. Bank of Nova Scotia now owns 10,840 shares of the company’s stock worth $314,000 after buying an additional 580 shares during the last quarter. Advantus Capital Management Inc boosted its stake in shares of CenturyLink by 1.4% in the second quarter. Advantus Capital Management Inc now owns 53,063 shares of the company’s stock worth $1,539,000 after buying an additional 731 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its stake in shares of CenturyLink by 4.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 17,559 shares of the company’s stock worth $509,000 after buying an additional 750 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its stake in shares of CenturyLink by 5.9% in the second quarter. Nations Financial Group Inc. IA ADV now owns 15,151 shares of the company’s stock worth $440,000 after buying an additional 846 shares during the last quarter. Institutional investors and hedge funds own 73.62% of the company’s stock.

CenturyLink Company Profile

CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to residential and business customers. The Company’s segments include Business and Consumer. Its communications services include local and long-distance voice, high-speed Internet, Multi-Protocol Label Switching (MPLS), private line (including special access), data integration, Ethernet, colocation, managed hosting (including cloud hosting), network, public access, video, wireless and other ancillary services.

5 Day Chart for NYSE:CTL

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