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CTL ex-dividend on 7/2 (2%)

CenturyTel will pay a regular quarterly dividend of $0.700 on Jul 21st if you own the stock at market opening on Wednesday, July 2. That’s 2% of the share price of $35.490, or a 8% annual yield. Part of a big hike in the company\’s annual cash dividend to $2.80 from $0.27 per share. This one actually includes a one-time dividend of $0.6325 per share, effectively adjusting the total second quarter dividend to the new $0.70 quarterly dividend rate. The new annual dividend rate of $2.80 represents a whopping payout of 52% of free cash flow. And the company still has a large stock repurchase program ongoing. That does not leave much cash for investing in the business however.

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One Response to “CTL ex-dividend on 7/2 (2%)”

  1. Ben Weathers Says:

    I just happened upon your website and noticed your 2008 CTL posting. I too am a stockholder of CTL. Do you still post current data? I could not find any 2009 data. Sorry if you’ve answered this a hundred times before.

    Ben

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