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&lt;p style="margin-top: 12px; margin-bottom: 0px;"&gt;&lt;font style="font-family: Times New Roman;" class="_mt" size="2"&gt;&lt;b&gt;(13) Dividends &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin-top: 6px; text-indent: 40px; margin-bottom: 0px;"&gt;&lt;font style="font-family: Times New Roman;" class="_mt" size="2"&gt;Our Board of Directors declared the following cash dividends payable in 2011: &lt;/font&gt;&lt;/p&gt;

&lt;p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"&gt;&amp;nbsp;&lt;/p&gt;

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&lt;tr bgcolor="#cceeff"&gt;&lt;td valign="top"&gt;&lt;font style="font-family: Times New Roman;" class="_mt" size="2"&gt;January&amp;nbsp;24,&amp;nbsp;2011&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
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&lt;td valign="bottom" align="right"&gt;&lt;font style="font-family: Times New Roman;" class="_mt" size="2"&gt;February&amp;nbsp;25,&amp;nbsp;2011&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
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&lt;p style="margin-top: 10px; text-indent: 40px; margin-bottom: 0px;"&gt;&lt;font style="font-family: Times New Roman;" class="_mt" size="2"&gt;Going forward, we, in consultation with CenturyLink, may declare and pay dividends to CenturyLink in excess of our earnings to the extent permitted by applicable law.&amp;nbsp;Given our upgrade to investment grade on April&amp;nbsp;1, 2011, our debt covenants do not limit the amount of dividends we can pay to CenturyLink. &lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</NonNumbericText><NonNumericTextHeader>(13) Dividends

Our Board of Directors declared the following cash dividends payable in 2011:

&amp;nbsp;


















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