Qwest, as anticipated by published reports earlier this week, has declared a quarterly dividend of 8 cents per share, which will be payable in February. The dividend amounts to 32 cents per share annually, which is a far cry from the days of the old Bell company dividends (For instance, U S West, which was acquired by Qwest in 2000, paid a dividend of $2.14 before the acquisition.) Still, it's proportionally in line with dividends of similar telecom firms, like AT&T. And even if it sounds small, remember what Qwest is battling its way back from. If, as management intends, dividends will be paid quarterly for the foreseeable future, the real pay-off will be bigger than any dividend can express.
For more:
- see this story in The Denver Post
Related articles:
- Analyst Jonathan Chaplin predicted the dividend announcement this weekÂ