Top S&P 500 Dividend Stocks #4 – CenturyLink (CTL)
And now for the most amusing part of the list. CenturyLink (CTL) is the one of three telecom stocks that always hit the top spots for dividend stocks with their crazy-high dividend yields and poor long-term price performance. Gushers of free cash flow make the payouts possible.
That said, things have been going great up for CTL stock lately. Shares are up 16% for the year-to-date, easily outpacing the S&P 500. The upside in price has dropped the yield on CTL below 6%, but given that the stock is a market lagger for any time frame of 52 weeks and longer, shareholders probably aren’t complaining.