Tele2 AB (publ) (OTCMKTS:TLTZY) Announces Dividend Increase - $0.16 Per Share

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Tele2 AB (publ) (OTCMKTS:TLTZY - Get Free Report) announced a dividend on Tuesday, April 30th, NASDAQ reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.1568 per share on Thursday, June 6th. The ex-dividend date is Thursday, May 16th. This is an increase from Tele2 AB (publ)'s previous dividend of $0.15.

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Tele2 AB (publ) Stock Up 0.8 %

Shares of TLTZY traded up $0.04 during trading hours on Tuesday, hitting $4.81. The company had a trading volume of 343 shares, compared to its average volume of 2,188. The company has a market capitalization of $6.45 billion, a PE ratio of 19.24 and a beta of 0.61. The company's fifty day moving average price is $4.23 and its two-hundred day moving average price is $4.07. Tele2 AB has a one year low of $3.32 and a one year high of $5.47. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 1.04.

Tele2 AB (publ) (OTCMKTS:TLTZY - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.06 EPS for the quarter. The company had revenue of $722.36 million for the quarter. Tele2 AB (publ) had a net margin of 12.70% and a return on equity of 17.24%. As a group, equities analysts forecast that Tele2 AB will post 0.26 earnings per share for the current fiscal year.

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Tele2 AB (publ) provides fixed and mobile connectivity, handset related data services, and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers mobile telephony and data, fixed broadband, fixed telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, united communications, and security services.

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