PLDT Inc. Declares Semi-annual Dividend of $0.81 (NYSE:PHI)

PLDT Inc. (NYSE:PHI) announced a semi-annual dividend on Thursday, February 27th, NASDAQ Dividends reports. Stockholders of record on Wednesday, March 12th will be paid a dividend of 0.812 per share by the technology company on Thursday, April 17th. This represents a dividend yield of 5.4%. The ex-dividend date is Wednesday, March 12th.

PLDT has raised its dividend by an average of 1.2% annually over the last three years. PLDT has a payout ratio of 55.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect PLDT to earn $2.99 per share next year, which means the company should continue to be able to cover its $1.62 annual dividend with an expected future payout ratio of 54.2%.

PLDT Trading Up 0.4 %

Shares of PHI stock opened at $24.71 on Monday. The company has a 50 day moving average of $22.99 and a 200-day moving average of $24.09. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24. PLDT has a 12-month low of $21.00 and a 12-month high of $30.39. The firm has a market cap of $5.34 billion, a P/E ratio of 8.16, a PEG ratio of 1.14 and a beta of 0.68.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of PLDT from a “buy” rating to a “strong-buy” rating in a research note on Friday.

PLDT Company Profile

PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.