PLDT Inc. (NYSE:PHI) declared a semiannual dividend on Monday, August 14th, Wall Street Journal reports. Shareholders of record on Thursday, August 24th will be given a dividend of 0.9411 per share by the technology company on Monday, September 18th. This represents a yield of 5.57%. The ex-dividend date is Tuesday, August 22nd. This is a positive change from PLDT’s previous semiannual dividend of $0.56.

PLDT has decreased its dividend payment by an average of 7.8% annually over the last three years. PLDT has a dividend payout ratio of 77.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect PLDT to earn $1.97 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 95.4%.

PLDT (PHI) opened at 33.59 on Monday. PLDT has a 1-year low of $25.50 and a 1-year high of $40.49. The stock has a market cap of $7.26 billion, a PE ratio of 15.31 and a beta of 1.01. The firm has a 50-day moving average of $33.68 and a 200-day moving average of $33.22.

WARNING: This story was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at

PHI has been the topic of several research reports. TheStreet upgraded shares of PLDT from a “d+” rating to a “c-” rating in a research report on Monday, June 5th. Zacks Investment Research cut shares of PLDT from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. BidaskClub cut shares of PLDT from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Credit Suisse Group cut shares of PLDT from a “neutral” rating to an “underperform” rating in a research report on Wednesday, May 10th. Finally, Deutsche Bank AG cut shares of PLDT from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $39.00.

About PLDT

PLDT, Inc, formerly Philippine Long Distance Telephone Company (PLDT), is a telecommunications service provider in the Philippines. The Company operates through three business segments: Wireless, Fixed Line and Others. The Company, through its business segments, offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless and fixed line networks.

Dividend History for PLDT (NYSE:PHI)

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