PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) to Issue Annual Dividend of $1.22

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

PT Telekomunikasi Indonesia, Tbk has raised its dividend payment 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 Stock Performance

TLK traded up $0.66 on Tuesday, hitting $14.73. The company’s stock had a trading volume of 1,193,939 shares, compared to its average volume of 783,847. The company’s 50 day simple moving average is $17.32 and its 200-day simple moving average is $19.60. The firm has a market cap of $14.59 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 2.83 and a beta of 0.35. PT Telekomunikasi Indonesia, Tbk has a 12 month low of $13.65 and a 12 month high of $23.51. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.16.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last released its quarterly earnings data on Saturday, May 16th. The utilities provider reported $0.26 EPS for the quarter. The company had revenue of $2.19 billion during the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 11.10% and a return on equity of 10.75%. Analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 2.04 EPS for the current year.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 11.7% during the 1st quarter. Bank of America Corp DE now owns 565,985 shares of the utilities provider’s stock valued at $10,573,000 after buying an additional 59,123 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 33.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,650 shares of the utilities provider’s stock valued at $87,000 after buying an additional 1,167 shares in the last quarter. Royal Bank of Canada raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 7.4% during the 1st quarter. Royal Bank of Canada now owns 381,276 shares of the utilities provider’s stock valued at $7,122,000 after buying an additional 26,252 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 35.1% during the 1st quarter. Quantinno Capital Management LP now owns 88,464 shares of the utilities provider’s stock valued at $1,653,000 after buying an additional 22,978 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 23.4% during the 1st quarter. Lazard Asset Management LLC now owns 25,129,891 shares of the utilities provider’s stock valued at $469,426,000 after buying an additional 4,770,126 shares in the last quarter.

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.