CenturyLink, Inc. (NYSE:CTL) announced a quarterly dividend on Tuesday, November 14th, RTT News reports. Investors of record on Monday, November 27th will be paid a dividend of 0.54 per share by the technology company on Monday, December 11th. This represents a $2.16 annualized dividend and a yield of 14.09%.

CenturyLink has a payout ratio of 112.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect CenturyLink to earn $1.46 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 147.9%.

Shares of CenturyLink (CTL) traded down $0.15 during mid-day trading on Tuesday, reaching $15.33. 16,401,200 shares of the company traded hands, compared to its average volume of 10,324,079. CenturyLink has a 52 week low of $14.60 and a 52 week high of $27.61. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $15,650.00, a PE ratio of 7.98, a P/E/G ratio of -4.14 and a beta of 0.88.

CenturyLink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $4.06 billion. CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. The company’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS. analysts predict that CenturyLink will post 1.87 EPS for the current year.

Several research analysts have recently weighed in on the stock. UBS AG dropped their price target on shares of CenturyLink from $29.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. Cowen and Company reiterated a “hold” rating and set a $24.00 price target on shares of CenturyLink in a research note on Thursday, October 19th. Bank of America Corporation dropped their price target on shares of CenturyLink from $42.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday. Zacks Investment Research cut shares of CenturyLink from a “hold” rating to a “strong sell” rating in a research note on Friday, August 25th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $16.00 price target on shares of CenturyLink in a research note on Thursday, November 9th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. CenturyLink currently has an average rating of “Hold” and a consensus price target of $23.07.

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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.

Dividend History for CenturyLink (NYSE:CTL)

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