Windstream Shares Lower as UBS Downgrades, Says Dividend Not Sustainable

Shares of Windstream WIN are down nearly 4 percent to just under $8.60 Wednesday afternoon following an early-morning downgrade from an analyst at UBS. The firm now rates shares of Windstream a Sell, down from Neutral previously. The UBS analyst believes management's policy on the dividend is not sustainable. The analyst warned the payout will be approaching 100 percent next year.