CenturyLink Still Offers A Better Yield
CenturyLink smashed Q4 estimates and increased guidance for 2016.
Despite a big rally, the stock still offers a higher dividend yield than the large domestic wireless providers.
The recommendation is to continue owning CenturyLink until the yield falls into the range of the telecom giants.
The market rejoiced the that CenturyLink (NYSE:CTL) reported a blowout EPS number for Q4. The telecommunications provider had seen the stock collapse with the market despite a large dividend that was supported by cash flows.
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Disclosure: Long CTL. Please read the disclaimer page for more details.
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