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.

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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)

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