PLDT Inc. (NYSE:PHI) announced a semiannual dividend on Monday, August 14th, Wall Street Journal reports. Investors of record on Thursday, August 24th will be paid a dividend of 0.9411 per share by the technology company on Monday, September 18th. This represents a yield of 5.57%. The ex-dividend date is Tuesday, August 22nd. This is a boost from PLDT’s previous semiannual dividend of $0.56.

PLDT has decreased its dividend by an average of 7.8% annually over the last three years. PLDT has a dividend payout ratio of 77.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect PLDT to earn $1.89 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 99.5%.

Shares of PLDT (NYSE PHI) traded up 0.90% during mid-day trading on Monday, reaching $33.76. 43,132 shares of the company traded hands. PLDT has a 52-week low of $25.50 and a 52-week high of $40.75. The stock has a market capitalization of $7.30 billion, a PE ratio of 15.31 and a beta of 1.01. The stock’s 50 day moving average is $34.00 and its 200 day moving average is $33.08.

Several brokerages have recently commented on PHI. Zacks Investment Research downgraded shares of PLDT from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BidaskClub downgraded shares of PLDT from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Deutsche Bank AG downgraded shares of PLDT from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. TheStreet upgraded shares of PLDT from a “d+” rating to a “c-” rating in a research report on Monday, June 5th. Finally, Macquarie upgraded shares of PLDT from a “neutral” rating to an “outperform” rating in a research report on Friday, May 26th. Four analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $39.00.

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PLDT Company Profile

PLDT, Inc, formerly Philippine Long Distance Telephone Company (PLDT), is a telecommunications service provider in the Philippines. The Company operates through three business segments: Wireless, Fixed Line and Others. The Company, through its business segments, offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless and fixed line networks.

Dividend History for PLDT (NYSE:PHI)

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