On Tuesday, CenturyLink Inc.’s (NYSE: CTL) board of directors declared a quarterly dividend of 72 cents per share of CenturyLink common stock.
CenturyLink said the dividend is payable March 16 to shareholders of record as of March 6.
CenturyLink (NYSE: CTL) has closed its acquisition of cloud services, managed hosting and colocation firm Savvis and will operate its cloud business under the Savvis name.
CenturyLink expects the move to increase its revenue, EBITDA and free cash flow in the year after closing.
CenturyLink will combine its hosting and network assets with Savvis’ solutions portfolio. Former Savvis CEO Jim Ousley...