PLDT Inc. (NYSE:PHI – Get Free Report) declared a Semi-Annual dividend on Tuesday, August 13th, Zacks reports. Investors of record on Monday, August 26th will be given a dividend of 0.634 per share by the technology company on Wednesday, September 25th. The ex-dividend date is Monday, August 26th. This is a boost from PLDT’s previous Semi-Annual dividend of $0.60.
PLDT has increased its dividend by an average of 7.5% per year over the last three years. PLDT has a dividend payout ratio of 56.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PLDT to earn $2.94 per share next year, which means the company should continue to be able to cover its $1.65 annual dividend with an expected future payout ratio of 56.1%.
PLDT Stock Up 1.1 %
NYSE:PHI opened at $28.27 on Thursday. PLDT has a one year low of $19.02 and a one year high of $30.39. The company has a fifty day moving average price of $25.41 and a 200 day moving average price of $24.39. The company has a current ratio of 0.34, a quick ratio of 0.33 and a debt-to-equity ratio of 2.31.
About PLDT
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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