Talktalk Telecom Group PLC (LON:TALK) Raises Dividend to GBX 1.50 Per Share

Talktalk Telecom Group PLC (LON:TALK) declared a dividend on Thursday, May 23rd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 4th will be paid a dividend of GBX 1.50 ($0.02) per share on Friday, August 2nd. This represents a yield of 1.3%. The ex-dividend date of this dividend is Thursday, July 4th. This is an increase from Talktalk Telecom Group’s previous dividend of $1.00. The official announcement can be viewed at this link.

TALK opened at GBX 112.40 ($1.47) on Wednesday. The firm has a market cap of $1.27 billion and a price-to-earnings ratio of 40.14. Talktalk Telecom Group has a 52-week low of GBX 91.65 ($1.20) and a 52-week high of GBX 140.10 ($1.83). The company has a current ratio of 0.62, a quick ratio of 0.47 and a debt-to-equity ratio of 294.44. The stock’s fifty day moving average is GBX 115.44.

Several analysts have recently issued reports on TALK shares. Deutsche Bank reissued a “buy” rating on shares of Talktalk Telecom Group in a report on Thursday, May 16th. UBS Group reissued a “neutral” rating and set a GBX 110 ($1.44) target price (down from GBX 120 ($1.57)) on shares of Talktalk Telecom Group in a report on Thursday, June 20th. JPMorgan Chase & Co. increased their target price on Talktalk Telecom Group from GBX 110 ($1.44) to GBX 121 ($1.58) and gave the stock a “neutral” rating in a report on Thursday, April 25th. Barclays reissued an “overweight” rating on shares of Talktalk Telecom Group in a report on Friday, May 24th. Finally, Numis Securities reissued a “sell” rating and set a GBX 70 ($0.91) target price on shares of Talktalk Telecom Group in a report on Friday, May 24th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 118.73 ($1.55).

About Talktalk Telecom Group

TalkTalk Telecom Group PLC is a provider of fixed line broadband, voice telephony, mobile and television services. The Company serves over four million residential and business customers under the TalkTalk and TalkTalk Business brands. TalkTalk residential packages offer broadband, phone, television and mobile services.

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Dividend History for Talktalk Telecom Group (LON:TALK)

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