PT Telekomunikasi Indonesia, Tbk (TLK) To Go Ex-Dividend on June 18th

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) declared an annual dividend on Monday, June 8th. Stockholders 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 dividend yield of 830.0%. The ex-dividend date of this dividend is Thursday, June 18th.

PT Telekomunikasi Indonesia, Tbk has increased its dividend by an average of 0.1%annually 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. 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 Up 4.7%

Shares of TLK opened at $14.73 on Wednesday. The company has a 50-day simple moving average of $17.26 and a 200-day simple moving average of $19.56. The firm has a market capitalization of $14.59 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.56 and a beta of 0.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 0.92. PT Telekomunikasi Indonesia, Tbk has a 52 week low of $13.65 and a 52 week high of $23.51.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last announced its quarterly earnings data on Saturday, May 16th. The utilities provider reported $0.26 EPS for the quarter. The business 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%. On average, equities research analysts expect that PT Telekomunikasi Indonesia, Tbk will post 2.04 earnings per share for the current year.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in PT Telekomunikasi Indonesia, Tbk by 20.7% during the first quarter. Royal Bank of Canada now owns 366,681 shares of the utilities provider’s stock worth $5,416,000 after buying an additional 62,882 shares during the last quarter. Millennium Management LLC grew its stake in PT Telekomunikasi Indonesia, Tbk by 606.8% during the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock worth $6,922,000 after buying an additional 402,344 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in PT Telekomunikasi Indonesia, Tbk by 271.8% during the first quarter. Goldman Sachs Group Inc. now owns 145,652 shares of the utilities provider’s stock worth $2,151,000 after buying an additional 106,481 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in PT Telekomunikasi Indonesia, Tbk by 136.0% during the second quarter. EverSource Wealth Advisors LLC now owns 3,511 shares of the utilities provider’s stock worth $59,000 after buying an additional 2,023 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in PT Telekomunikasi Indonesia, Tbk during the second quarter worth about $513,000.

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.