Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Free Report) announced an annual dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders 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 dividend yield of 8.8%. The ex-dividend date is Friday, May 17th.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has raised its dividend by an average of 2.0% per year over the last three years and has increased its dividend every year for the last 2 years. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has a dividend payout ratio of 62.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.6 %
TLK opened at $19.28 on Friday. The stock has a fifty day moving average price of $22.05 and a 200-day moving average price of $23.84. Perusahaan Perseroan has a 12 month low of $18.66 and a 12 month high of $28.34. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The firm has a market cap of $17.36 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 1.75 and a beta of 0.76.
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.
Check Out Our Latest Analysis 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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