Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Get Free Report) declared an annual dividend on Monday, June 2nd, Wall Street Journal reports. Shareholders of record on Thursday, June 12th will be given a dividend of 1.3038 per share by the utilities provider on Monday, June 30th. This represents a dividend yield of 5.8%. The ex-dividend date is Thursday, June 12th. This is a 17.3% increase from Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's previous annual dividend of $1.11.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has raised its dividend by an average of 8.7% annually over the last three years. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has a payout ratio of 71.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk to earn $1.66 per share next year, which means the company should continue to be able to cover its $1.11 annual dividend with an expected future payout ratio of 66.9%.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Down 0.2%
Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk stock traded down $0.04 during trading on Friday, reaching $17.37. The company's stock had a trading volume of 417,588 shares, compared to its average volume of 573,658. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.14. Perusahaan Perseroan has a 52-week low of $13.15 and a 52-week high of $21.00. The firm's 50-day moving average is $15.70 and its two-hundred day moving average is $15.90. The company has a market cap of $17.21 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 2.18 and a beta of 0.60.
Institutional Trading of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
Several institutional investors have recently added to or reduced their stakes in TLK. Millennium Management LLC increased its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 606.8% in the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider's stock worth $6,922,000 after buying an additional 402,344 shares during the period. Royal Bank of Canada boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 20.7% during the first quarter. Royal Bank of Canada now owns 366,681 shares of the utilities provider's stock valued at $5,416,000 after purchasing an additional 62,882 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 271.8% in the first quarter. Goldman Sachs Group Inc. now owns 145,652 shares of the utilities provider's stock worth $2,151,000 after purchasing an additional 106,481 shares during the last quarter.
About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
(
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Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.
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