PLDT Inc. (NYSE:PHI) Announces Dividend of $0.80

PLDT Inc. (NYSE:PHI) declared a dividend on Friday, February 27th. Shareholders of record on Wednesday, March 25th will be paid a dividend of 0.7977 per share by the technology company on Thursday, April 30th. This represents a yield of 667.0%. The ex-dividend date is Wednesday, March 25th.

PLDT has increased its dividend by an average of 0.1%per year over the last three years. PLDT has a dividend payout ratio of 38.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect PLDT to earn $2.99 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 38.5%.

PLDT Stock Performance

Shares of PHI stock opened at $20.70 on Monday. PLDT has a fifty-two week low of $18.61 and a fifty-two week high of $24.51. The stock’s 50-day moving average is $22.92 and its two-hundred day moving average is $21.30. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.38 and a quick ratio of 0.37. The firm has a market cap of $4.47 billion, a P/E ratio of 8.56 and a beta of 0.67.

PLDT (NYSE:PHI) last announced its quarterly earnings results on Thursday, February 26th. The technology company reported $0.36 earnings per share (EPS) for the quarter. The business had revenue of $905.99 million during the quarter. PLDT had a return on equity of 28.11% and a net margin of 13.78%. Analysts predict that PLDT will post 2.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PLDT in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

PLDT Company Profile

Philippine Long Distance Telephone Company (PLDT) is the largest integrated telecommunications provider in the Philippines, offering a comprehensive suite of fixed‐line, wireless, broadband Internet, and digital solutions to residential, enterprise, and government customers. Founded in 1928, PLDT has played a pivotal role in the development of the country’s communications infrastructure, evolving from a traditional operator of long‐distance telephone lines into a diversified digital services provider.

PLDT operates two main business segments: its fixed‐line and broadband operations under the PLDT brand and its wireless services through subsidiary Smart Communications.