CenturyLink: Why Are You Selling?
CenturyLink trades down after guiding to a mixed earnings picture.
The local telecom continues to generate substantial cash flows that support the large 7.5% dividend yield.
Use the weakness to own the telecom with the better yield.
For a relatively large, yield-oriented stock, CenturyLink (NYSE:CTL) trades in a very volatile manner. After Q1 earnings, the stock is down around 8% despite sporting a large dividend yield.
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Disclosure: Long CTL. Please read the disclaimer page for more details.