Centurylink Inc (CTL) To Go Ex-Dividend on June 1st

Centurylink Inc (CTL) To Go Ex-Dividend on June 1st

Centurylink has a dividend payout ratio of 102.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Centurylink to earn $2.08 per share next year, which means the company may not be able to cover its $2.16 annual dividend with an expected future payout ratio of 103.8%.

Centurylink Inc (NYSE:CTL) declared a quarterly dividend on Wednesday, May 24th. Shareholders of record on Monday, June 5th will be given a dividend of 0.54 per share by the technology company on Friday, June 16th. This represents a $2.16 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date of this dividend is Thursday, June 1st.

Centurylink (NYSE:CTL) last issued its earnings results on Wednesday, May 3rd. The technology company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.01. The business had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.27 billion. Centurylink had a net margin of 3.58% and a return on equity of 9.58%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 EPS.

CTL has been the topic of a number of research analyst reports. Vetr raised Centurylink from a “hold” rating to a “buy” rating and set a $24.40 target price on the stock in a report on Monday, March 20th. Zacks Investment Research raised Centurylink from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Wednesday, April 26th. Bank of America Corp reaffirmed a “buy” rating on shares of Centurylink in a report on Tuesday, May 9th. Jefferies Group LLC reduced their target price on Centurylink from $26.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, May 4th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $25.00 target price on shares of Centurylink in a report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $26.24.

Centurylink Company Profile

CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CTL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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