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Tell me about CTL - historically good dividends, any concern?
Posted on 6/13/20 at 12:27 pm
Posted on 6/13/20 at 12:27 pm
It’s a $10 stock and has been paying $0.25 dividends for a couple of years. Previously was $0.54 when the stock was near $20. Seems like a good investment option. What am I missing here?
3
Posted on 6/13/20 at 1:06 pm to Ramblin Wreck
The price per share has been on a steady decline the last 7 years and they’ve had multiple dividend CUTS in that same timeframe.
Don’t ask me how I know.
Don’t ask me how I know.
Posted on 6/13/20 at 1:47 pm to Ramblin Wreck
What’s it stand for? NM, I’ll just google it.
Posted on 6/13/20 at 4:27 pm to 632627
I just went back a few years. Wasn’t sure if there was a reason the stock dropped prior to COVID. The dividends seem to be about the same percentage when the stock was priced higher. At 10% dividends, it is a good deal presently.
Posted on 6/14/20 at 7:50 am to Ramblin Wreck
quote:
At 10% dividends, it is a good deal presently.
It was also a good deal when I bought at $25/share for the 10% dividend yield.....
Don’t look at the yield percentage. Look at the history for the actual dollar amount that’s been paid out. Then correspond that with the price per share. If/When the dividend gets cut again, the PPS will drop, and the yield will remain high.
Posted on 6/14/20 at 5:51 pm to Ramblin Wreck
CTL purchased Level3 a few years back and then the CTL CEO stepped down a year or so later. The LVLT CEO took over.
CTL is transitioning from a rural landline and internet company to focus on business customers. They are laser focused on deleveraging (paying down debt) but are losing revenues Q over Q due to land line loss. The CEO had 3.5M personal shares a year or so ago.
Level3 did not pay a dividend.
There is substantial competition in telecom. Wireless carriers winning the communications battle and Cable is winning the internet speed battle.
The stock price will remain flat as long as revenues decline and they've been declining for 10 years.
The dividend seems safe for now but shouldn't be counted on. See above, if the CEO cuts the dividend, he loses a substantial sum of quarterly income.
CTL is transitioning from a rural landline and internet company to focus on business customers. They are laser focused on deleveraging (paying down debt) but are losing revenues Q over Q due to land line loss. The CEO had 3.5M personal shares a year or so ago.
Level3 did not pay a dividend.
There is substantial competition in telecom. Wireless carriers winning the communications battle and Cable is winning the internet speed battle.
The stock price will remain flat as long as revenues decline and they've been declining for 10 years.
The dividend seems safe for now but shouldn't be counted on. See above, if the CEO cuts the dividend, he loses a substantial sum of quarterly income.
Posted on 6/15/20 at 9:03 am to WM88
Thanks, good summary. Trying to decide how much I want to shift from growth stocks to dividend stocks in future buys. I’ve been buying BP, XOM, EQM, and WFC to try and capture both. Figured CTL wouldn’t gain a lot in value versus those, but the dividends looked good based on current price.
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