Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Raises Dividend to $1.30 Per Share

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Get Free Report) announced an annual dividend on Monday, June 2nd, Wall Street Journal reports. Shareholders of record on Thursday, June 12th will be paid a dividend of 1.3038 per share by the utilities provider on Monday, June 30th. This represents a 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 payment by an average of 8.7% per year over the last three years. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has a dividend 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 Up 0.8%

Shares of NYSE:TLK traded up $0.14 during midday trading on Thursday, reaching $17.46. The company had a trading volume of 38,331 shares, compared to its average volume of 572,341. The company has a fifty day simple moving average of $15.65 and a two-hundred day simple moving average of $15.89. The firm has a market cap of $17.30 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 2.18 and a beta of 0.56. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.69 and a current ratio of 0.70. Perusahaan Perseroan has a 1-year low of $13.15 and a 1-year high of $21.00.

Hedge Funds Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

A number of institutional investors and hedge funds have recently bought and sold shares of TLK. Goldman Sachs Group Inc. boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 271.8% during the first quarter. Goldman Sachs Group Inc. now owns 145,652 shares of the utilities provider's stock worth $2,151,000 after buying an additional 106,481 shares during the period. Royal Bank of Canada boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 20.7% in the 1st 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 in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 606.8% during the 1st quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider's stock valued at $6,922,000 after acquiring an additional 402,344 shares in the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile

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.