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The Top 10 S&P 500 Dividend Stocks for January

These dividend stocks yield no less than 5% and sometimes more than 12%

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#3: CenturyLink (CTL)

dividend-stocks-ctl-stockCTL Dividend Yield: 7%

With CenturyLink (CTL) we get into the realm of telecom dividend stocks with silly high dividend yields — and underwhelming price performance.

A member of the S&P Dividend Aristocrats list of dependable dividend stocks until recently, CTL has tumbled more than 23% over the last 12 months, shooting the yield on the dividend up to 7%. The price performance makes the generous dividend almost immaterial, but there is some reason to hope that better times are ahead.

CTL has an Internet-based TV broadcast service that has reached almost 150,000 paying households in less than three years. That offers CenturyLink a chance to upsell customers to a triple-play package of broadband, landline and cable services.

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