Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Free Report) announced an annual dividend on Thursday, May 9th, Wall Street Journal reports. Investors of record on Monday, May 20th will be paid a dividend of 1.1116 per share by the utilities provider on Monday, June 17th. This represents a dividend yield of 8.8%. The ex-dividend date is Friday, May 17th.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has raised its dividend payment by an average of 2.0% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has a dividend payout ratio of 62.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk to earn $1.81 per share next year, which means the company should continue to be able to cover its $1.11 annual dividend with an expected future payout ratio of 61.3%.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 0.6 %
TLK stock opened at $19.28 on Friday. The firm’s 50-day moving average is $22.05 and its two-hundred day moving average is $23.84. The company has a market capitalization of $17.36 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. Perusahaan Perseroan has a 52 week low of $18.66 and a 52 week high of $28.34. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research note on Saturday, April 20th.
Check Out Our Latest Stock Analysis on TLK
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.
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