CenturyLink Stock To Go Ex-dividend Tomorrow (CTL)

NEW YORK ( TheStreet) -- The ex-dividend date for CenturyLink (NYSE: CTL) is tomorrow, March 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $40.30 as of 9:30 a.m. ET, the dividend yield is 7.2%.

The average volume for CenturyLink has been 6.3 million shares per day over the past 30 days. CenturyLink has a market cap of $22.81 billion and is part of the technology sector and telecommunications industry. Shares are up 8.2% year to date as of the close of trading on Wednesday.

CenturyLink, Inc., together with its subsidiaries, operates as an integrated communications company. The company provides a range of communications services, including voice, Internet, data, and video services in the continental United States. The company has a P/E ratio of 37.8, above the average telecommunications industry P/E ratio of 20.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CenturyLink as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full CenturyLink Ratings Report.

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