Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Plans $1.11 Annual Dividend

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) announced an annual dividend on Thursday, May 9th, Wall Street Journal reports. Shareholders 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 yield of 8.8%. The ex-dividend date is Friday, May 17th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has raised its dividend payment 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 payout ratio of 62.7% meaning its dividend is sufficiently covered by earnings. Research 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 %

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk stock opened at $19.28 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.87 and a quick ratio of 0.85. The firm’s 50 day moving average price is $22.05 and its 200-day moving average price is $23.84. Perusahaan Perseroan has a 1 year low of $18.66 and a 1 year high of $28.34. The stock has a market cap of $17.36 billion, a P/E ratio of 11.98, a PEG ratio of 1.75 and a beta of 0.76.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last released its quarterly earnings results on Thursday, April 18th. The utilities provider reported $0.37 earnings per share for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 15.72% and a net margin of 16.12%. The company had revenue of $2.25 billion for the quarter. On average, equities analysts predict that Perusahaan Perseroan will post 1.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a report on Saturday, April 20th.

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.