10% Yield, Improving Debt Leverage, And Selling Below Book Value

This stock yields 10.38% with a 74% dividend payout ratio. It's selling for 81% of book value. Management paid off $1B in debt in Q1 '20. It has lagged the iShares US Telecom ETF (BATS:IYZ) and the S&P 500 (NYSEARCA:SPY) over the past year, quarter, month, year to date, and is 18% above its 52-week low.

CenturyLink (CTL) has had a rough go of it over the past several years, falling from the high $40s down to below $10 in the COVID-19 crash. CTL is a legacy telecom which has been transitioning into data services, in order to battle landline attrition. CTL provides various communications services to residential, business, wholesale, and governmental customers in the US and internationally. It operates in 2 segments, Business and Consumer.

Source: Seeking Alpha

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