CTL pays an annual dividend of 11.88% at its current price point. Performing Cycle analysis on individual stocks can be dicy but that is what I will be doing with this post. I have CTL on day 44 seeking out its next short term TCL/DCL. CTL is also likely forming its longer term 5-6 month Intermediate Cycle Low (ICL) as we are now in week 25 with price testing the weekly 10wma and 50wma. A top in week 22 which is bullish in my Cycle Book. Could be a good sport to add at the next TCL and perhaps an ICL. I plan to add next week a day or so before the next Ex Div Date which I show as 6/1/2018.
Here is the Quarterly Dividend announcement: CenturyLink, Inc. (CTL) today announced that its Board of Directors voted to declare a regular quarterly cash dividend of $0.54 per share, which will be payable on June 15, 2018, to shareholders of record on June 4, 2018.
My first chart is a close up Daily and the next two are longer term Weekly versions showing where price is currently finding reisitance.
I am located in the US so tax-free Individual Retirement Accounts (IRAs) make up a big part of my overall investment philosophy. Basically, I am more conservative with my IRA investments. If I have any Bonds or high dividend yielding stocks, I typically have them in my IRA where the interest and dividends are tax free. Everyones risk approach should be dictated my several factors including age, risk-profile, etc. Based on my risk management profile, in my IRAs, I typically allocate only 10-20% of my portfolio to risky investments (e.g. Gold or other speculative investments).
I also like to have 40%-60% of my portfolio allocated to Bonds or High Dividend yielding stocks. If you have followed me for any time you know that I have been rotating into Dividend Stocks as I have been Bearish on Bonds since mid-to-late 2017 (see link). Dividend stocks are not swing trades but a long term buy & hold strategy to build wealth tax free.
So how has my Dividend Stock strategy been doing? Lets double check. Among my recommendations were:
These IRA buy & hold recommendations are detailed below.
- Recommended San Juan Hills Trust (SJT) in December 2016. It had an 11%+ dividend with excellent capital gains to boost. That’s what I’ talking about.
2. Base metal producers BHP & RIO in July 2017 (see link).
3. Feb 11th on Oil related dividend stocks: CVRR, STO, BPT & VET:
4. Early April for HMLP:
5. Century Link (CTL) updateBack:
On April 25th, one of our Subs, GoodOldJoe, recommend Century Link (CTL) for its high dividend stock for IRAs (11+%). I produced some quick charts (see attached) and bought it the same day in my IRA based on the chart that I published back then. Happy to say that it is doing very well so far as I it has moved up in price and I am looking forward to the tax free dividend. Thanks Joe!!!
Here is my last post and other post from another analyst at Seeking Alpha
Added: Some CTL charts using Cycle methodology, which is not anywhere near as accurate as using a “basket or index” of 500 stocks like the S&P 500 (i.e. the SPX). That said, CTL is another example of a great start on both capital appreciation along with tax free dividends.
One of our members, GoodOldJoe, recommended a couple of stocks a few days back and this is a quick update.
CenturyLink (CTL) is a high dividend stock with a 12.7% yield and Sierra Wireless (SWIR) is High Tech with growth potential. I bought CTL in my IRA on April 20th, the day I posted the update above and picked up a starter in SWIR based on my attached chart from today.