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This Company Might Cut Its Dividend, but Its Stock Could Soar
Shares of Lumen Technologies (NYSE: LUMN) fell after its recent earnings report, along with a few other major announcements regarding large asset sales. Earnings did not show anything unexpected, and the company’s announced divestitures were at good multiples, likely good news for the stock. While Lumen did not announce a dividend cut yet, even hinting at a potential cut made investors nervous, sending shares down.
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