Tenaga Nasional Berhad (OTCMKTS:TNABY) to Issue Dividend Increase – $0.16 Per Share

Tenaga Nasional Berhad (OTCMKTS:TNABYGet Rating) announced a dividend on Wednesday, September 21st, investing.com reports. Investors of record on Thursday, September 29th will be paid a dividend of 0.1552 per share on Monday, October 24th. This represents a dividend yield of 2.79%. The ex-dividend date of this dividend is Wednesday, September 28th. This is a boost from Tenaga Nasional Berhad’s previous dividend of $0.15.

Tenaga Nasional Berhad Stock Performance

Shares of TNABY opened at $10.78 on Wednesday. The firm has a market capitalization of $15.50 billion, a PE ratio of 17.67 and a beta of 0.36. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 1.32. The firm has a 50-day moving average price of $7.86 and a 200 day moving average price of $8.07. Tenaga Nasional Berhad has a 52-week low of $6.73 and a 52-week high of $11.18.

Tenaga Nasional Berhad (OTCMKTS:TNABYGet Rating) last posted its quarterly earnings data on Tuesday, August 30th. The company reported $0.14 earnings per share (EPS) for the quarter. Tenaga Nasional Berhad had a net margin of 5.75% and a return on equity of 6.22%. The business had revenue of $4.40 billion during the quarter.

Analysts Set New Price Targets

Separately, CLSA lowered Tenaga Nasional Berhad from a “buy” rating to an “underperform” rating in a report on Monday, June 27th.

Tenaga Nasional Berhad Company Profile

(Get Rating)

Tenaga Nasional Berhad engages in the generation, transmission, distribution, and sale of electricity in Malaysia and internationally. The company operates and maintains thermal generation facilities and hydroelectric power generating schemes, as well as supports independent power producers; and manages and operates the National Grid that is connected to Thailand's transmission system, as well as Singapore's transmission system at Senoko.

Further Reading

Dividend History for Tenaga Nasional Berhad (OTCMKTS:TNABY)

Receive News & Ratings for Tenaga Nasional Berhad Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenaga Nasional Berhad and related companies with MarketBeat.com's FREE daily email newsletter.