Philippine Long Distance Telephone said on March 23, 2023 that its board of directors declared a regular
semi-annual dividend of $1.08 per share ($2.16 annualized).
Previously, the company paid $1.35 per share.
Shares must be purchased before the ex-div date of April 6, 2023 to qualify for the dividend.
Shareholders of record as of April 10, 2023
will receive the payment on May 8, 2023.
At the current share price of $24.23 / share,
the stock’s dividend yield is 8.93%.
Looking back five years and taking a sample every week, the average dividend yield has been
5.34%,
the lowest has been 3.59%,
and the highest has been 7.76%.
The standard deviation of yields is 0.86 (n=236).
The current dividend yield is
4.16 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.03.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
Learn to Harvest Dividends
Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can
do it easily with Fintel’s Dividend Capture Calendar.
Analyst Price Forecast Suggests 41.36% Upside
As of March 25, 2023,
the average one-year price target for Philippine Long Distance Telephone is $34.25.
The forecasts range from a low of $27.96 to a high of $42.82.
The average price target represents an increase of 41.36% from its latest reported closing price of $24.23.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Philippine Long Distance Telephone
is $216,671MM, an increase of 5.57%.
The projected annual non-GAAP EPS
is $143.08.
What is the Fund Sentiment?
There are 212 funds or institutions reporting positions in Philippine Long Distance Telephone.
This is an increase
of
3
owner(s) or 1.44% in the last quarter.
Average portfolio weight of all funds dedicated to PHI is 0.12%,
a decrease
of 9.31%.
Total shares owned by institutions decreased
in the last three months by 1.45% to 9,835K shares.
What are Large Shareholders Doing?
Renaissance Technologies
holds 2,679K shares
representing 1.24% ownership of the company.
In it’s prior filing, the firm reported owning 2,818K shares, representing
a decrease
of 5.22%.
The firm
decreased
its portfolio allocation in PHI by 17.17% over the last quarter.
VEIEX – Vanguard Emerging Markets Stock Index Fund Investor Shares
holds 1,273K shares
representing 0.59% ownership of the company.
No change in the last quarter.
VGTSX – Vanguard Total International Stock Index Fund Investor Shares
holds 1,203K shares
representing 0.56% ownership of the company.
In it’s prior filing, the firm reported owning 1,201K shares, representing
an increase
of 0.17%.
The firm
increased
its portfolio allocation in PHI by 3.87% over the last quarter.
IEMG – iShares Core MSCI Emerging Markets ETF
holds 734K shares
representing 0.34% ownership of the company.
In it’s prior filing, the firm reported owning 731K shares, representing
an increase
of 0.44%.
The firm
increased
its portfolio allocation in PHI by 4.44% over the last quarter.
FGKPX – Fidelity SAI Emerging Markets Low Volatility Index Fund
holds 441K shares
representing 0.20% ownership of the company.
In it’s prior filing, the firm reported owning 382K shares, representing
an increase
of 13.35%.
The firm
increased
its portfolio allocation in PHI by 0.56% over the last quarter.
PLDT Background Information
(This description is provided by the company.)
PLDT, Inc., formerly known as the Philippine Long Distance Telephone Company, is a Philippine telecommunications, internet and digital service holdings company. It is one of the major telecommunications providers in the Philippines.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
