Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) declared an annual dividend on Thursday, June 12th, Wall Street Journal reports. Investors of record on Thursday, July 3rd will be paid 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 of this dividend is Thursday, July 3rd. This is a 13.3% increase from Chunghwa Telecom's previous annual dividend of $1.47.
Chunghwa Telecom has a dividend payout ratio of 94.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline.
Chunghwa Telecom Price Performance
NYSE:CHT traded up $0.32 on Friday, hitting $45.59. The company had a trading volume of 85,144 shares, compared to its average volume of 112,627. The stock has a market capitalization of $35.37 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 21.42 and a beta of 0.23. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $42.16 and a two-hundred day moving average of $39.74. Chunghwa Telecom has a 52 week low of $35.92 and a 52 week high of $45.63.
Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $56.11 billion. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. On average, research analysts anticipate that Chunghwa Telecom will post 1.44 earnings per share for the current year.
Hedge Funds Weigh In On Chunghwa Telecom
A hedge fund recently bought a new stake in Chunghwa Telecom stock. AQR Capital Management LLC purchased a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,611 shares of the utilities provider's stock, valued at approximately $298,000. Institutional investors own 2.11% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded shares of Chunghwa Telecom from a "buy" rating to a "hold" rating in a research note on Monday, April 14th.
Check Out Our Latest Report on Chunghwa Telecom
About Chunghwa Telecom
(
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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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