Chunghwa Telecom Co., Ltd. (NYSE:CHT) Plans $1.47 Annual Dividend

Chunghwa Telecom Co., Ltd. (NYSE:CHT) announced an annual dividend on Tuesday, June 18th, Wall Street Journal reports. Shareholders of record on Wednesday, July 3rd will be paid a dividend of 1.4736 per share by the utilities provider on Thursday, August 15th. This represents a yield of 2.9%. The ex-dividend date is Wednesday, July 3rd.

Chunghwa Telecom has raised its dividend payment by an average of 1.0% annually over the last three years. Chunghwa Telecom has a dividend payout ratio of 93.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Chunghwa Telecom Price Performance

Shares of CHT opened at $38.78 on Tuesday. The company has a market cap of $30.08 billion, a price-to-earnings ratio of 25.85 and a beta of 0.18. Chunghwa Telecom has a twelve month low of $35.44 and a twelve month high of $39.78. The company has a quick ratio of 1.64, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $38.88 and a two-hundred day moving average of $38.59.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.38 earnings per share for the quarter. The company had revenue of $1.75 billion during the quarter. Chunghwa Telecom had a net margin of 16.40% and a return on equity of 9.31%.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.