Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) declared an annual dividend on Thursday, June 12th, Wall Street Journal reports. Shareholders of record on Thursday, July 3rd will be given a dividend of 1.6695 per share by the utilities provider on Friday, August 8th. This represents a yield of 2.9%. The ex-dividend date is Thursday, July 3rd. This is a 13.3% increase from Chunghwa Telecom's previous annual dividend of $1.47.
Chunghwa Telecom has a payout ratio of 94.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall.
Chunghwa Telecom Trading Up 0.7%
Shares of Chunghwa Telecom stock traded up $0.32 on Friday, hitting $45.59. 85,144 shares of the company's stock traded hands, compared to its average volume of 112,627. The firm's 50-day moving average price is $42.16 and its two-hundred day moving average price is $39.74. The stock has a market capitalization of $35.37 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 21.42 and a beta of 0.23. Chunghwa Telecom has a one year low of $35.92 and a one year high of $45.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29.
Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.38 EPS for the quarter, meeting analysts' consensus estimates of $0.38. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $56.11 billion. On average, research analysts expect that Chunghwa Telecom will post 1.44 EPS for the current fiscal year.
Hedge Funds Weigh In On Chunghwa Telecom
An institutional investor recently bought a new position in Chunghwa Telecom stock. AQR Capital Management LLC bought a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,611 shares of the utilities provider's stock, valued at approximately $298,000. 2.11% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Chunghwa Telecom from a "buy" rating to a "hold" rating in a report on Monday, April 14th.
Check Out Our Latest Analysis on CHT
About Chunghwa Telecom
(
Get Free Report)
Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.
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