China Telecom Co. Limited (CHA) Announces Annual Dividend of $1.59

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China Telecom Co. Limited (NYSE:CHA) announced an annual dividend on Monday, April 15th, Wall Street Journal reports. Shareholders of record on Monday, June 3rd will be given a dividend of 1.5942 per share by the utilities provider on Monday, August 5th. This represents a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from China Telecom’s previous annual dividend of $1.47.

CHA stock opened at $49.50 on Friday. China Telecom has a 52 week low of $44.20 and a 52 week high of $57.09. The stock has a market cap of $40.06 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 1.44 and a beta of 0.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.26 and a current ratio of 0.28.

A number of research firms have commented on CHA. Goldman Sachs Group upgraded shares of China Telecom from a “neutral” rating to a “buy” rating and set a $53.90 price target on the stock in a research report on Sunday, April 14th. Zacks Investment Research upgraded shares of China Telecom from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Finally, New Street Research downgraded shares of China Telecom from a “neutral” rating to a “reduce” rating in a research report on Monday, February 11th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. China Telecom currently has an average rating of “Hold” and a consensus target price of $57.95.

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About China Telecom

China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services primarily in the People's Republic of China. It offers wireline voice services, including local wireline telephone services and long distance wireline services; CDMA mobile voice services, such as local calls, domestic and international long distance calls, intra-provincial roaming, and inter-provincial roaming and international roaming; wireline Internet access services comprising dial-up and broadband services; wireless Internet access services; and wireline, Internet, and mobile value-added services.

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Dividend History for China Telecom (NYSE:CHA)

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