The telecom's integration of former rival Qwest is running ahead of schedule and budget, helping the bottom-line expectations in both the long term and the short.
Results like these tend to send shares soaring the next day, but CenturyLink investors have only enjoyed a modest 3% gain here. So what's held the stock back today?
For one, sector rival Windstream
I don't think those fears really apply to CenturyLink, though. This company's generous 7.6% dividend is powered by very solid cash flows. This quarter, CenturyLink paid out exactly half of its free cash flows in the form of dividends -- a safe and, most importantly, sustainable level.
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