PLDT Inc. (PHI) to Distribute Dividend of $0.75 on September 25th

PLDT Inc. (NYSE:PHI) declared a dividend on Thursday, August 13th. Investors of record on Thursday, August 27th will be paid a dividend of 0.7515 per share by the technology company on Friday, September 25th. This represents a dividend yield of 771.0%. The ex-dividend date is Thursday, August 27th.

PLDT has increased its dividend by an average of 0.0%per year over the last three years. PLDT has a payout ratio of 36.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect PLDT to earn $2.68 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 41.0%.

PLDT Stock Performance

NYSE:PHI opened at $19.32 on Friday. The firm has a market capitalization of $4.17 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 2.88 and a beta of 0.60. The business’s fifty day moving average price is $18.73 and its 200 day moving average price is $20.45. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.42 and a quick ratio of 0.40. PLDT has a 12 month low of $17.05 and a 12 month high of $24.51.

PLDT (NYSE:PHI) last posted its quarterly earnings results on Friday, May 15th. The technology company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $932.80 million for the quarter, compared to analysts’ expectations of $913.26 million. PLDT had a return on equity of 27.37% and a net margin of 13.62%. On average, sell-side analysts anticipate that PLDT will post 2.58 earnings per share for the current fiscal year.

About PLDT

Philippine Long Distance Telephone Company (PLDT) is the largest integrated telecommunications provider in the Philippines, offering a comprehensive suite of fixed‐line, wireless, broadband Internet, and digital solutions to residential, enterprise, and government customers. Founded in 1928, PLDT has played a pivotal role in the development of the country’s communications infrastructure, evolving from a traditional operator of long‐distance telephone lines into a diversified digital services provider.

PLDT operates two main business segments: its fixed‐line and broadband operations under the PLDT brand and its wireless services through subsidiary Smart Communications.