Lumen Systems
inventory is sinking right after the telecommunications corporation eradicated its quarterly dividend, stating it will aim on buybacks as a substitute.
Lumen
(ticker: LUMN) disclosed its monetary results immediately after the shut of trading on Wednesday, indicating that as an alternative of its yearly dividend of $1, it has licensed a two-calendar year share-buyback application of up to $1.5 billion. There will be no dividend paid in the fourth quarter of 2022.
