Lumen Surprisingly Maintains Its Dividend. Is It Safe?
During the third-quarter earnings call last week, Lumen Technologies' (NYSE: LUMN) management surprisingly announced that it is maintaining the company's dividend. That sounds like good news for dividend-oriented shareholders attracted by its yield above 7%.
But considering the company's declining revenue, high debt load, and increasing investments, is the current dividend sustainable beyond the short term? Let's find out.
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Source Fool.com
