PT Telekomunikasi Indonesia, Tbk (TLK) To Go Ex-Dividend on June 18th

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) announced an annual dividend on Monday, June 8th. Shareholders of record on Thursday, June 18th will be given 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 of this dividend is Thursday, June 18th.

PT Telekomunikasi Indonesia, Tbk has increased its dividend by an average of 0.1%annually over the last three years. PT Telekomunikasi Indonesia, Tbk has a payout ratio of 60.0% indicating that its dividend is sufficiently covered by earnings. 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 $0.93 annual dividend with an expected future payout ratio of 35.0%.

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of PT Telekomunikasi Indonesia, Tbk stock opened at $16.09 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 2.89 and a beta of 0.35. The stock’s 50-day moving average is $17.03 and its 200-day moving average is $19.40. PT Telekomunikasi Indonesia, Tbk has a one year low of $13.65 and a one year high of $23.51.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its quarterly earnings data on Saturday, May 16th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 10.75% and a net margin of 11.10%.The business had revenue of $2.19 billion during the quarter. Equities analysts predict that PT Telekomunikasi Indonesia, Tbk will post 2.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TLK. Bank of America Corp DE increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 11.7% during the 1st quarter. Bank of America Corp DE now owns 565,985 shares of the utilities provider’s stock worth $10,573,000 after purchasing an additional 59,123 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 33.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,650 shares of the utilities provider’s stock worth $87,000 after purchasing an additional 1,167 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 7.4% in the 1st quarter. Royal Bank of Canada now owns 381,276 shares of the utilities provider’s stock valued at $7,122,000 after buying an additional 26,252 shares during the last quarter. Quantinno Capital Management LP grew 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 valued at $1,653,000 after buying an additional 22,978 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in PT Telekomunikasi Indonesia, Tbk by 23.4% in 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 acquiring an additional 4,770,126 shares during 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.