PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Declares Annual Dividend of $1.22

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) announced an annual dividend on Monday, June 8th. Stockholders of record on Thursday, June 18th will be paid a dividend of 1.2214 per share by the utilities provider on Monday, July 20th. This represents a dividend yield of 830.0%. The ex-dividend date is Thursday, June 18th.

PT Telekomunikasi Indonesia, Tbk has raised its dividend payment by an average of 0.1%per year over the last three years. PT Telekomunikasi Indonesia, Tbk has a dividend payout ratio of 67.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PT Telekomunikasi Indonesia, Tbk to earn $2.66 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 39.1%.

PT Telekomunikasi Indonesia, Tbk Stock Up 4.7%

Shares of NYSE TLK traded up $0.66 on Tuesday, hitting $14.73. The company had a trading volume of 1,193,939 shares, compared to its average volume of 783,847. PT Telekomunikasi Indonesia, Tbk has a 12-month low of $13.65 and a 12-month high of $23.51. The business has a 50 day moving average of $17.32 and a two-hundred day moving average of $19.60. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $14.59 billion, a P/E ratio of 14.87, a PEG ratio of 2.83 and a beta of 0.35.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last issued its earnings results on Saturday, May 16th. The utilities provider reported $0.26 earnings per share for the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 10.75% and a net margin of 11.10%.The company had revenue of $2.19 billion during the quarter. As a group, equities research analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 2.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 11.7% in the first quarter. Bank of America Corp DE now owns 565,985 shares of the utilities provider’s stock worth $10,573,000 after acquiring an additional 59,123 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 33.5% in the first quarter. EverSource Wealth Advisors LLC now owns 4,650 shares of the utilities provider’s stock worth $87,000 after acquiring an additional 1,167 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 7.4% in the first quarter. Royal Bank of Canada now owns 381,276 shares of the utilities provider’s stock worth $7,122,000 after acquiring an additional 26,252 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 35.1% in the first quarter. Quantinno Capital Management LP now owns 88,464 shares of the utilities provider’s stock worth $1,653,000 after acquiring an additional 22,978 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in PT Telekomunikasi Indonesia, Tbk by 23.4% during the first quarter. Lazard Asset Management LLC now owns 25,129,891 shares of the utilities provider’s stock valued at $469,426,000 after buying an additional 4,770,126 shares in the last quarter.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.