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Qwest in the Giving Spirit
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Qwest (Q Quote) is getting in the spirit, announcing its first shareholder dividend in six years.
The Denver phone giant says it will pay an 8 cent quarterly dividend in February, fulfilling a promise to start returning cash to investors. The company had neglected shareholders during the telecom collapse and the ensuing accounting scandal.
To the frustration of many investors, new CEO Ed Mueller remained mum on the topic of dividends during the company's earnings conference call in October. ...
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