After Nixing its 13% Dividend, Is Lumen Technologies Okay To Own?
November 25 2022 - 6:18PM
ValueWalk
Lumen cut its $1.00 annual dividend on Nov. 2, 2022, while
authorizing a $1.5 billion stock buyback on its Q3 2022 earnings
release Shares collapsed over 18% to a low of $5.68 as income
investors flee, but it may be attractive to value investors
Insiders purchased just over 55,000 shares on the open
market […]
https://www.valuewalk.com/after-nixing-its-13-dividend-is-lumen-technologies-okay-to-own/
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