Oppenheimer Maintains Perform Rating on Alaska Communications

A report from Oppenheimer reiterates its Perform rating on Alaska Communications ALSK. The report states, “ALSK acknowledged that its board will evaluate its dividend payment in the future; it is apparent to us that the dividend at its current level is not sustainable; however, timing of any dividend action by ALSK is uncertain. At current levels, we estimate the company will hit a 130% payout in 2013." ALSK closed yesterday at $7.38.