PLDT Inc. (NYSE:PHI – Get Free Report) announced a Semi-Annual dividend on Thursday, March 7th, Zacks reports. Stockholders of record on Wednesday, March 20th will be given a dividend of 0.597 per share by the technology company on Friday, April 19th. This represents a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, March 19th.
PLDT has raised its dividend payment by an average of 2.6% annually over the last three years. PLDT has a dividend payout ratio of 62.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect PLDT to earn $2.82 per share next year, which means the company should continue to be able to cover its $1.73 annual dividend with an expected future payout ratio of 61.3%.
PLDT Stock Performance
Shares of PLDT stock opened at $24.88 on Monday. The company’s 50 day moving average price is $23.17 and its two-hundred day moving average price is $22.38. The firm has a market capitalization of $5.38 billion, a P/E ratio of 28.27, a P/E/G ratio of 1.89 and a beta of 0.59. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.37 and a quick ratio of 0.36. PLDT has a fifty-two week low of $19.02 and a fifty-two week high of $30.39.
Institutional Investors Weigh In On PLDT
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of PLDT from a “buy” rating to a “strong-buy” rating in a report on Friday, December 29th.
View Our Latest Research Report on PLDT
PLDT Company Profile
PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.
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