PLDT Inc. Declares Dividend of $0.80 (NYSE:PHI)

Key Points

• PLDT declared a dividend of $0.7977 per share to shareholders of record on March 25, payable April 30 (ex-dividend date March 25).
• The company’s dividend is modestly covered, with a payout ratio around 38.2% and analysts forecasting roughly $2.99 EPS next year, implying the dividend is sustainable under current estimates.
• PLDT trades at a PE of 8.56

PLDT Inc. (NYSE:PHI - Get Free Report) announced a dividend on Friday, February 27th. Stockholders of record on Wednesday, March 25th will be paid a dividend of 0.7977 per share by the technology company on Thursday, April 30th. This represents a dividend yield of 667.0%. The ex-dividend date is Wednesday, March 25th.

PLDT has raised its dividend payment by an average of 0.1%annually over the last three years. PLDT has a dividend payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect PLDT to earn $2.99 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 38.5%.

PLDT Price Performance

PHI stock opened at $20.70 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.37 and a debt-to-equity ratio of 2.32. PLDT has a one year low of $18.61 and a one year high of $24.51. The firm has a market capitalization of $4.47 billion, a PE ratio of 8.56 and a beta of 0.67. The firm has a 50-day moving average of $22.92 and a two-hundred day moving average of $21.30.

PLDT (NYSE:PHI - Get Free Report) last released its earnings results on Thursday, February 26th. The technology company reported $0.36 earnings per share for the quarter. The business had revenue of $905.99 million for the quarter. PLDT had a net margin of 13.78% and a return on equity of 28.11%. On average, analysts forecast that PLDT will post 2.76 earnings per share for the current year.

PLDT Company Profile

Philippine Long Distance Telephone Company (PLDT) is the largest integrated telecommunications provider in the Philippines, offering a comprehensive suite of fixed‐line, wireless, broadband Internet, and digital solutions to residential, enterprise, and government customers. Founded in 1928, PLDT has played a pivotal role in the development of the country's communications infrastructure, evolving from a traditional operator of long‐distance telephone lines into a diversified digital services provider.

PLDT operates two main business segments: its fixed‐line and broadband operations under the PLDT brand and its wireless services through subsidiary Smart Communications.

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