Did CenturyLink Just Become A Gold Mine To New Investors?
Last week CenturyLink, Inc. (CTL) did the unthinkable by slashing the dividend in favor of a more flexible stock buyback program. In response, investors slashed the stock price 26% to correspond with the dividend cut. Were investors being rational?
Per the company, it is the third largest telecommunications provider in the United States and is recognized as a leader in the network services.
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