Why PT Telekomunikasi (TLK) is a Great Dividend Stock Right Now
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 28 2024
0mins
Source: NASDAQ.COM
PT Telekomunikasi in Focus:
- PT Telekomunikasi (TLK) is a Utilities stock with a price change of -28.92% this year.
- The company pays a dividend of $0.85 per share, with a dividend yield of 4.64%.
- TLK has increased its dividend 3 times in the last 5 years, with an average annual increase of 7.97%.
- The current payout ratio is 53%, indicating it paid out 53% of its trailing 12-month EPS as dividend.
- Earnings are expected to grow by 5.52% this fiscal year.
Bottom Line:
- Investors value dividends for tax advantages, risk reduction, and improved profits.
- High-growth companies or tech start-ups rarely offer dividends.
- High-yielding stocks may struggle during rising interest rates.
- TLK is considered an attractive dividend play and a compelling investment opportunity with a Zacks Rank of #2 (Buy).
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Analyst Views on TLK
About TLK
PT Telkom Indonesia (Persero) Tbk is an Indonesia-based telecommunication company. The Company is engaged in information and communication technology (ICT) services and telecommunications networks. Its segments include mobile, consumer, enterprise, wholesale and international business, and other. The mobile segment provides cellular services, including mobile voice, value-added services, mobile broadband, among others. The Consumer segment provides Indihome services and other telecommunication services to home customers. The wholesale and international business segment provides interconnection services, leased lines, satellite, small aperture terminal, broadband access, information technology services, data, and internet services to other licensed operator companies and institutions. The Other segment provides digital content products, big data, business-to-business commerce, and financial services to individual and corporate customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Notable Two Hundred Day Moving Average Cross - TLK
Stock Performance Overview: TLK's share price has a 52-week range with a low of $13.15 and a high of $21, currently trading at $16.75.
Market Analysis Disclaimer: The opinions expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
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