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The Top 10 S&P 500 Dividend Stocks for November

These payout heroes are yielding as much as 12%

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#3: CenturyLink

centurylink185Dividend Yield: 6.9%

CenturyLink (CTL) is having a horrible year. Its stock price has fallen nearly 20% in 2013.  But, happily for new investors, that has pushed the yield on the dividend — at 6.9% — up to silly levels.

The telecom company — until recently a member of the S&P Dividend Aristocrats — wrote off a whopping $1.1 billion for goodwill in the latest quarter because its data housing business is something of a dud.

But lest you think CenturyLink has no hope of growth, it is quietly making good with its Internet-based TV broadcast service. Known as Prism, the service has reached almost 150,000 paying households in less than three years. It also allows CenturyLink to upsell customers to a triple-play package of broadband, landline and cable services.

For now, however, profit growth will be slim. Wall Street expects the company to grow full-year earnings per share by just a penny this year — and by another penny in 2014.

Article printed from InvestorPlace Media,

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