PLDT Inc. (NYSE:PHI) Plans $0.80 Dividend

PLDT Inc. (NYSE:PHI) declared a dividend on Friday, February 27th. Investors of record on Wednesday, March 25th will be paid a dividend of 0.7977 per share by the technology company on Thursday, April 30th. This represents a yield of 667.0%. The ex-dividend date is Wednesday, March 25th.

PLDT has increased its dividend by an average of 0.1%per year over the last three years. PLDT has a dividend payout ratio of 38.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PLDT to earn $2.99 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 38.5%.

PLDT Stock Performance

NYSE PHI opened at $20.70 on Monday. The stock has a fifty day simple moving average of $22.92 and a 200-day simple moving average of $21.30. The company has a current ratio of 0.38, a quick ratio of 0.37 and a debt-to-equity ratio of 2.32. The stock has a market cap of $4.47 billion, a PE ratio of 8.56 and a beta of 0.67. PLDT has a twelve month low of $18.61 and a twelve month high of $24.51.

PLDT (NYSE:PHI) last announced its earnings results on Thursday, February 26th. The technology company reported $0.36 earnings per share for the quarter. The company had revenue of $905.99 million during the quarter. PLDT had a net margin of 13.78% and a return on equity of 28.11%. Equities analysts anticipate that PLDT will post 2.76 earnings per share for the current year.

PLDT Company Profile

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.