Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Free Report) announced an annual dividend on Wednesday, May 8th, Wall Street Journal reports. Investors of record on Monday, May 20th will be given a dividend of 1.1116 per share by the utilities provider on Monday, June 17th. This represents a yield of 8.8%. The ex-dividend date is Friday, May 17th.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has increased its dividend by an average of 2.0% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has a payout ratio of 62.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk to earn $1.81 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 61.3%.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance
NYSE TLK opened at $19.28 on Friday. The firm’s 50 day simple moving average is $22.05 and its 200 day simple moving average is $23.84. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.75 and a beta of 0.76. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. Perusahaan Perseroan has a 1 year low of $18.66 and a 1 year high of $28.34.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a report on Saturday, April 20th.
Get Our Latest Stock Report on TLK
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.
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