Mobile TeleSystems OJSC (NYSE:MBT) announced a None dividend on Wednesday, July 26th, Zacks reports. Shareholders of record on Monday, July 10th will be paid a dividend of 0.412 per share by the Wireless communications provider on Tuesday, August 1st. The ex-dividend date of this dividend is Thursday, July 6th.

Mobile TeleSystems OJSC has decreased its dividend payment by an average of 13.2% per year over the last three years. Mobile TeleSystems OJSC has a dividend payout ratio of 49.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Mobile TeleSystems OJSC to earn $1.17 per share next year, which means the company should continue to be able to cover its $0.53 annual dividend with an expected future payout ratio of 45.3%.

Shares of Mobile TeleSystems OJSC (MBT) traded up 0.23% during mid-day trading on Thursday, reaching $8.66. The company’s stock had a trading volume of 687,875 shares. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 5.75 and a beta of 0.93. Mobile TeleSystems OJSC has a 12 month low of $7.09 and a 12 month high of $11.59. The company’s 50-day moving average is $8.59 and its 200 day moving average is $9.81.

MBT has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a research report on Wednesday, April 19th. Standpoint Research cut shares of Mobile TeleSystems OJSC from a “buy” rating to a “hold” rating in a research report on Friday, April 7th. Morgan Stanley cut shares of Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $12.60 to $9.90 in a research report on Thursday, May 4th. BidaskClub upgraded shares of Mobile TeleSystems OJSC from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, J P Morgan Chase & Co upgraded shares of Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price target on the stock in a research report on Wednesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $10.05.

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Mobile TeleSystems OJSC Company Profile

Mobile TeleSystems Public Joint Stock Company, formerly Mobile TeleSystems Open Joint Stock Company, is a provider of telecommunications services. The Company provides mobile and fixed line voice and data telecommunications services, including data transfer, broadband, pay-television (pay-TV) and various value-added services, as well as selling equipment and accessories.

Dividend History for Mobile TeleSystems OJSC (NYSE:MBT)

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