1/16/2024 0 Comments Lumen dividend yield![]() Special items of (-527 million) and (-31 million) dropped EPS. Net income was 578 million versus 544 million in the year-ago period. The Company reported earnings-per-share (EPS) of 0.14 missing consensus analyst estimates for 0.35 by (-0.21). Lumen reported its Q3 2022 earnings on Nov. However, unlike other tech companies, Lumen is profitable and cash flow positive. Top and Bottom Line Downward Trajectories. Lumen has lost 20 of its value over the past year. While that yield rates an A+ at Seeking Alpha, and Lumen has a B+ for Dividend Consistency, it rates just a C- for Dividend Safety. High-yield dividend stocks can offer better yields. With Lumen's stock in the dumps, the current forward dividend yield is 12.4%. Lumen Technologies yearly dividend payment of roughly 1.0 billion. The other is a low free cash flow pay-out ratio. Wednesday's new low came after a downgrade at Wells Fargo, which previously rated Lumen Overweight but moved to Equal Weight on seeing trends emerging for the company after some $10B in divestitures (of its ILEC and Latin American arms).Īnalyst Eric Luebchow expects that the part of Lumen left behind will be hitting just $1.35B in quarterly run-rate EBITDA, which led him to cut his 2023 EBITDA forecast to $5.3B - well below Street expectations for $5.9B.Īnd the resulting effect on free cash flow (he expects it to remain around $800M rather than $1B-plus) means a risk to the company's dividend, he says - adding that a 50% dividend cut would mean 20% or more downside risk. The 11.2 yield on Lumen Technologies is not the only reason to buy the stock. The stock last saw the $7 mark in October 1990. Lumen Technologies stock ( NYSE: LUMN) - after stringing together several relatively flat months - slipped 9.5% Wednesday to tab its lowest point in 32 years, at $7.13 per share. ![]()
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