PLDT Inc. (PHI) To Go Ex-Dividend on August 27th

PLDT Inc. (NYSE:PHI) announced a dividend on Thursday, August 13th. Stockholders of record on Thursday, August 27th will be given a dividend of 0.7515 per share by the technology company on Friday, September 25th. This represents a dividend yield of 771.0%. The ex-dividend date is Thursday, August 27th.

PLDT has raised its dividend payment by an average of 0.0%annually over the last three years. PLDT has a dividend payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect PLDT to earn $2.45 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 44.1%.

PLDT Price Performance

Shares of NYSE:PHI opened at $19.40 on Tuesday. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 2.94 and a beta of 0.60. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.44 and a quick ratio of 0.43. The business’s 50 day simple moving average is $18.92 and its 200-day simple moving average is $20.28. PLDT has a 12 month low of $17.05 and a 12 month high of $24.51.

Institutional Trading of PLDT

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in PLDT in the 4th quarter valued at about $26,000. Farther Finance Advisors LLC boosted its stake in shares of PLDT by 272.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,306 shares of the technology company’s stock worth $28,000 after purchasing an additional 955 shares during the last quarter. Arax Advisory Partners grew its holdings in shares of PLDT by 429.4% during the fourth quarter. Arax Advisory Partners now owns 1,710 shares of the technology company’s stock worth $37,000 after buying an additional 1,387 shares in the last quarter. CWM LLC raised its position in shares of PLDT by 22.1% in the fourth quarter. CWM LLC now owns 2,590 shares of the technology company’s stock valued at $56,000 after buying an additional 469 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of PLDT by 155.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,069 shares of the technology company’s stock valued at $67,000 after buying an additional 1,866 shares during the last quarter. 2.26% of the stock is currently owned by hedge funds and other institutional investors.

About PLDT

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.