6. CenturyLink (CTL - Get Report) is an integrated telecommunications company, formed through the merger of CenturyTel and Embarq. The company is currently attempting to merge with Qwest (Q). It is scheduled to release third-quarter results Nov. 3. Second-quarter net income more than tripled to $239 million, but earnings per share climbed a more modest 16% to 79 cents due to a larger float. CenturyLink pays a quarterly dividend of 73 cents, equaling an annual yield of 7.1%, with a payout ratio near 100%. It has rallied 12% in 2010 and 24% in 12 months.
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