PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Plans $1.22 Annual Dividend

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) declared an annual dividend on Monday, June 8th. Investors of record on Thursday, June 18th will be paid a dividend of 1.2214 per share by the utilities provider on Monday, July 20th. This represents a yield of 830.0%. The ex-dividend date is Thursday, June 18th.

PT Telekomunikasi Indonesia, Tbk has raised its dividend by an average of 0.1%per year over the last three years. PT Telekomunikasi Indonesia, Tbk has a dividend payout ratio of 67.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect PT Telekomunikasi Indonesia, Tbk to earn $2.66 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 39.1%.

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of NYSE TLK traded up $0.66 during trading on Tuesday, reaching $14.73. The company had a trading volume of 1,193,939 shares, compared to its average volume of 783,847. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $13.65 and a twelve month high of $23.51. The stock has a market capitalization of $14.59 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 2.83 and a beta of 0.35. The stock has a 50-day moving average price of $17.32 and a two-hundred day moving average price of $19.60. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last released its quarterly earnings results on Saturday, May 16th. The utilities provider reported $0.26 earnings per share for the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 10.75% and a net margin of 11.10%.The company had revenue of $2.19 billion during the quarter. As a group, sell-side analysts predict that PT Telekomunikasi Indonesia, Tbk will post 2.04 earnings per share for the current year.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.