PLDT Inc. (NYSE:PHI - Get Free Report) announced a semi-annual dividend on Thursday, August 14th, Wall Street Journal reports. Investors of record on Wednesday, August 27th will be paid a dividend of 0.8414 per share by the technology company on Wednesday, September 24th. This represents a yield of 530.0%. The ex-dividend date is Wednesday, August 27th. This is a 3.6% increase from PLDT's previous semi-annual dividend of $0.81.
PLDT has a dividend payout ratio of 54.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PLDT to earn $2.99 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 54.8%.
PLDT Price Performance
Shares of PHI traded down $0.44 during mid-day trading on Thursday, reaching $22.62. 52,842 shares of the stock traded hands, compared to its average volume of 68,458. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 1.09 and a beta of 0.71. The company has a current ratio of 0.36, a quick ratio of 0.35 and a debt-to-equity ratio of 2.26. The firm has a fifty day moving average price of $22.32 and a 200 day moving average price of $22.79. PLDT has a 1 year low of $20.29 and a 1 year high of $29.05.
PLDT (NYSE:PHI - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The technology company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.02). The business had revenue of $991.52 million during the quarter. PLDT had a return on equity of 29.66% and a net margin of 14.48%. As a group, equities research analysts predict that PLDT will post 2.76 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered shares of PLDT from a "buy" rating to a "hold" rating in a research note on Friday, June 6th.
View Our Latest Report on PHI
PLDT Company Profile
(
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PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.
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