Dividends4Life: 9% Yield, Selling Below Book Value

9% Yield, Selling Below Book Value

Posted by D4L | Thursday, October 08, 2020 | | 0 comments »

Recently, this stock has outperformed the US Telecom ETF, IYZ, over the past month and quarter, but it still lags IYZ and the S&P over the past year and so far in 2020. It yields 9.21% and is selling at 87% of Book Value. The debt leverage improved again in Q2 2020.

CenturyLink (CTL) is a legacy telecom which has been transitioning into data services, in order to battle landline attrition. It provides various communications services to residential, business, wholesale, and governmental customers in the US and internationally. In the digital COVID environment, CTL's fiber and data assets are in demand, which continues to help offset its legacy segment losses.

Source: Seeking Alpha

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