CenturyLink (CTL) has been a controversial stock. The acquisition of Level 3 communications transformed the company and brought in the current CEO Jeffrey Storey.
The dividend has been cut from $0.54 to $0.25 a share. This was painful for shareholders but created room for debt reduction and investment. The share price of CenturyLink however has steadily declined from a high over $30 in 2017 to the current share price of $10.78.
This means that total returns for shareholders has been abysmal, while the stock market indices have trended higher.
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