Dallas, Texas 12/13/2013 (FINANCIALSTRENDS) – Before we proceed further we must know that CenturyLink, Inc. (NYSE:CTL) is a voice and data service provider that also provides high speed broadband internet services. CTL is also one of the global leader in providing cloud infrastructure services as well as hosted IT solutions. The recent solid growth reported by the company in its strategic revenue report and excellent dividend yield of 7.0% has lead to many investment trading firms keeping a strong bullish stance on this stock.
As per the latest subscriber report the company has also managed to increase its high speed internet customer base by adding 33,000 new customers. In fact the company also managed to acquire 17,000 new Prism TV customers which is considered as a very good sign. Its IPTV reach in Qwest markets has also increased. All these encouraging news and positive sentiment has led to different investment firms saying that this is the perfect time to enter into this stock.
Something about the Dividend and its Share price value
Recently CenturyLink, Inc. (NYSE:CTL) made another sensible move by cutting the dividend value to $0.54 per share and managed to bring down its payout ratio to manageable levels. If company maintains this same dividend rate in the future then company can sustain for long term and can also focus on the enhancement of its overall network capacity and broadband internet speed.
If internal sources are to be believed the CTL is also planning to start its share buyback program very soon. For Q3’2013 the company managed to buyback around 11 million shares and till now total of 38 million shares has been bought under its share buyback program. The current value of CTL is hovering around $ 31.07 which is almost near to its 52-week low of $29.93 and you can expect a good amount of return if you invest into this stock.