Tele2 (OTCMKTS:TLTZY) Announces Dividend Increase - $0.10 Per Share

Key Points

• Tele2 announced a dividend increase of $0.10 per share, which is a 4.2% increase from the previous dividend, with a yield of 238.0%.
• The ex-dividend date is set for October 10th, and stockholders of record on October 13th will receive payment on October 30th.
• Tele2 reported earnings per share of $0.09 for the last quarter, exceeding estimates and with a revenue of $750.96 million.

Tele2 (OTCMKTS:TLTZY - Get Free Report) announced a dividend on Wednesday, October 1st, investing.com reports. Stockholders of record on Monday, October 13th will be paid a dividend of 0.1013 per share on Thursday, October 30th. This represents a dividend yield of 238.0%. The ex-dividend date is Friday, October 10th. This is a 4.2% increase from Tele2's previous dividend of $0.10.

Tele2 Stock Up 0.4%

Shares of OTCMKTS TLTZY opened at $8.46 on Wednesday. Tele2 has a 12-month low of $4.62 and a 12-month high of $9.13. The company has a current ratio of 0.44, a quick ratio of 0.39 and a debt-to-equity ratio of 1.09. The stock has a market cap of $11.58 billion, a P/E ratio of 29.17 and a beta of 0.52. The business's fifty day simple moving average is $8.41 and its 200-day simple moving average is $7.54.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $750.96 million for the quarter, compared to analyst estimates of $7.34 billion. Tele2 had a return on equity of 19.39% and a net margin of 14.10%. As a group, equities analysts predict that Tele2 will post 0.28 EPS for the current fiscal year.

About Tele2

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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