PLDT Inc. (NYSE:PHI) Declares Dividend of $0.75

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

PLDT has raised its dividend payment by an average of 0.0%per year over the last three years. PLDT has a dividend payout ratio of 36.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PLDT to earn $2.68 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 41.0%.

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PLDT Stock Performance

NYSE PHI opened at $19.49 on Friday. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 2.90 and a beta of 0.60. The business’s 50 day moving average is $18.71 and its two-hundred day moving average is $20.45. PLDT has a 12-month low of $17.05 and a 12-month high of $24.51. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 2.10.

PLDT (NYSE:PHI – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The technology company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.03). PLDT had a net margin of 13.62% and a return on equity of 27.37%. The business had revenue of $903.22 million during the quarter, compared to analyst estimates of $880.27 million. Research analysts expect that PLDT will post 2.58 EPS for the current year.

PLDT Company Profile

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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.

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