This Dividend Stock Yields 9.6% and Has Room for Dividend Growth
In early 2019, CenturyLink -- now known as Lumen Technologies (NYSE: LUMN) -- slashed its quarterly dividend by 54%, from $0.54 per share to $0.25 per share. Lumen stock has lost more than a quarter of its value since the dividend cut was announced. Despite this rocky history, Lumen still has a very high dividend yield.