Telefonica SA (TEF) to Issue Semiannual Dividend of $0.24
Telefonica SA (NYSE:TEF) announced a semiannual dividend on Wednesday, November 29th, Wall Street Journal reports. Investors of record on Wednesday, December 13th will be given a dividend of 0.2383 per share by the utilities provider on Wednesday, December 27th. This represents a yield of 4.67%. The ex-dividend date is Tuesday, December 12th.
Telefonica has decreased its dividend payment by an average of 1.7% annually over the last three years. Telefonica has a dividend payout ratio of 51.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Telefonica to earn $0.93 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 48.4%.
Telefonica (TEF) opened at $10.20 on Thursday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.62 and a current ratio of 0.67. The company has a market cap of $51,385.60, a price-to-earnings ratio of 6.00 and a beta of 1.31. Telefonica has a 12 month low of $8.15 and a 12 month high of $11.64.
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Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).
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