CenturyLink (NYSE: CTL ) totally waxed Wall Street's earnings estimates in the first quarter. Adjusted earnings rang in at $0.68 per share, well beyond the average analyst target at $0.58. Revenue of $4.6 billion was right in line with the Street view. Just to rub it in, management raised earnings and cash-flow guidance for the second quarter just north of current analyst targets.
One thing the telecom industry is known for today is its tempting dividend yields. This company's generous 7.6% dividend is powered by very solid cash flows. This quarter, CenturyLink paid out exactly half of its free cash flows in the form of dividends -- a safe and, most importantly, sustainable level.
Source: Motley Fool
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