Micron Technology, Inc. (MU), Corning Incorporated (GLW): This Tweaked Index Fund Has Been Trouncing the S&P 500

CenturyLink, Inc. (NYSE:CTL) shed 15% and yields an appealing 6.4%. That reflects a dividend cut of about 25% as the telecom concern focuses more on share buybacks, and some fear the dividend could be cut further. The company landed a hefty Pentagon contract in April, with a possible 10-year value of $750 million, and has been moving into promising arenas such as cloud computing. Having merged with Qwest, CenturyLink, Inc. (NYSE:CTL) has substantial debt, topping $19 billion but also free cash flow near $3 billion annually. The company’s second quarter featured earnings beating expectations but revenues lagging them, while management lowered expectations for the rest of the year.

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The article This Tweaked Index Fund Has Been Trouncing the S&P 500 originally appeared on Fool.com and is written by Selena Maranjian.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, owns shares of Apple and Corning. The Motley Fool recommends and owns shares of Apple and Corning.

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