CenturyLink’s quarterly earnings report - KNOE 8 News; KNOE-TV; KNOE.com |

CenturyLink’s quarterly earnings report

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MONROE, La. (KNOE 8 News) - CenturyLink is one of the largest employers in the Ark-La-Miss. As a result thousands of people in our region own stock in the company. Financial consultants and investment managers are still reviewing the company's quarterly earnings report.

The stock has gone up a little more than a dollar since the announcement thanks to CEO Glen Post's comments and plans for the future. There are no plans of lowering the stocks dividend which currently pays seven percent. The company also has plans to buy back $2 billion worth of the company's stock which shows CenturyLinks financial strength. However, CenturyLink's revenue did not meet expectations.

"You're probably not going to buy CenturyLink at $30 and double your money. People are relying on the strength of the continued dividends and many people invest in the stock for that dividend," said Darren Oglesby.

Last year CenturyLink board of directors decided to reduce their dividend and the value of the stock dropped more than 20 percent from $40 a share, to where it is currently valued at $30 a share. The annual shareholders meeting for anyone who owns CenturyLink stock is scheduled for May 28th at 10am

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