Company: Lumen Technologies Inc. (LUMN)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: With 450,000 route miles of fiber, Lumen Technologies is one of the United StatesÕ largest telecommunications carriers serving global enterprises. Its merger with Level 3 in 2017 and divestiture of much of its incumbent local exchange carrier, or ILEC, business in 2022 has shifted the companyÕs operations away from its legacy consumer business and toward enterprises (now about 75% of revenue). Lumen offers businesses a full menu of communications services, providing colocation and data center services, data transportation, and end-user phone and internet service. On the consumer side, Lumen provides broadband and phone service across 37 states, where it has 4.5 million broadband customers. -Morningstar.com-
Symbol: LUMN
Recent Price: $4.66
Dividends: $0.00
Yield: 0.00%
Sector: Communication Services
Industry: Telecom Services
Address & Company Phone #: 100 CenturyLink Drive Monroe LA 71203, 318-388-9000
Transfer Agent: Computershare 800-969-6718
Moody’s Rating: Ba3
Minimum & Maximum Investment: $25 – $250,000/year
Investment Dates: Every 7 days beginning varies
Shares to Qualify: 1 Share or $50
Fees: Div.: 5% of amount invested up to $5 Max Cash: $5+5¢/sh. Cert: $0! Sells: by Mail or Fax for $25+12¢/sh.
52 Week High & Low: $4.15, $0.78