PLDT Inc. (NYSE:PHI) Announces Semi-Annual Dividend of $0.60

PLDT Inc. (NYSE:PHIGet Free Report) announced a Semi-Annual dividend on Thursday, March 7th, Zacks reports. Stockholders of record on Wednesday, March 20th will be given a dividend of 0.597 per share by the technology company on Friday, April 19th. This represents a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, March 19th.

PLDT has raised its dividend payment by an average of 2.6% annually over the last three years. PLDT has a dividend payout ratio of 62.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect PLDT to earn $2.82 per share next year, which means the company should continue to be able to cover its $1.73 annual dividend with an expected future payout ratio of 61.3%.

PLDT Stock Performance

Shares of PLDT stock opened at $24.88 on Monday. The company’s 50 day moving average price is $23.17 and its two-hundred day moving average price is $22.38. The firm has a market capitalization of $5.38 billion, a P/E ratio of 28.27, a P/E/G ratio of 1.89 and a beta of 0.59. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.37 and a quick ratio of 0.36. PLDT has a fifty-two week low of $19.02 and a fifty-two week high of $30.39.

Institutional Investors Weigh In On PLDT

Institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its holdings in PLDT by 79.0% in the 2nd quarter. Wells Fargo & Company MN now owns 1,790 shares of the technology company’s stock worth $42,000 after purchasing an additional 790 shares in the last quarter. Citigroup Inc. grew its position in shares of PLDT by 1,869.6% in the 1st quarter. Citigroup Inc. now owns 2,265 shares of the technology company’s stock worth $80,000 after buying an additional 2,150 shares during the last quarter. Cetera Advisor Networks LLC purchased a new position in PLDT during the 1st quarter worth $252,000. Cubist Systematic Strategies LLC purchased a new stake in PLDT during the 2nd quarter worth approximately $248,000. Finally, Prelude Capital Management LLC purchased a new stake in PLDT during the 3rd quarter valued at about $231,000. 2.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, upgraded shares of PLDT from a “buy” rating to a “strong-buy” rating in a report on Friday, December 29th.

View Our Latest Research Report on PLDT

PLDT Company Profile

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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.

Further Reading

Dividend History for PLDT (NYSE:PHI)

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