Windstream Corporation (NASDAQ:WIN) remains one of the top dividend picks
Windstream Corporation (NASDAQ:WIN), which is a leading provider of advanced network communications, has made an announcement that it has entered into an agreement with Mitel at the Mitel Business Partner Conference in Hollywood, Fla. This agreement was made for offering their MiVoice and MiCollab solutions in a completely managed, cloud-based Unified Communications as a Service Solution (UcaaS) which will be powered by Mitel’s MiCloud. By doing this way, all the business will be able to access the features and functionality from more advanced Unified Communications, mobile-desktop collaboration, messaging and many other applications which are available in scalable and subscription based services.
Currently, the Windstream – UcaaS offering customer trials that combines both the Mitel MiVoice as well as MiCollab solutions with that of enterprise-class cloud solutions of Windstream. This is powered by VMware in such a way that will have the ability to offer both geo-redundancy and local survivability. For the fall 2013, the general availability is being targeted.
Since year 2006, Windstream Corporation has maintained its $0.25 for each share quarterly dividend. Windstream Corporation has paid out the dividends in excess amount free cash flow during 2 of the past 3 quarters which have been reported. This year, earnings are expected to come at $0.41 for each share, which is down compared to last year which was $0.48 for each share. Next year, these earnings are expected as $0.50 for each share. This growth is required for maintaining its dividend because $73 millions in the form of cash which is the balance sheet amount as of March month cannot afford the dividend payment.
Currently, Windstream Corporation is up +1.54% on 5,799,834 shares traded after it has been named as the top dividend stock consisting of insider buying and yield of 12.31%. At present, Windstream Corporation is up +2.57% from its 52-week low. This has prompted the Equity Profile Report to include this stock in their NASDAQ Gainers Watch List.