Chunghwa Telecom Co., Ltd. (NYSE:CHT) Plans Annual Dividend of $1.65

Chunghwa Telecom Co., Ltd. (NYSE:CHT) declared an annual dividend on Friday, June 5th. Investors of record on Thursday, July 9th will be paid a dividend of 1.6525 per share by the utilities provider on Friday, August 14th. This represents a dividend yield of 370.0%. The ex-dividend date is Thursday, July 9th.

Chunghwa Telecom has increased its dividend by an average of 0.0%per year over the last three years. Chunghwa Telecom has a dividend payout ratio of 82.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Chunghwa Telecom to earn $1.59 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 80.5%.

Chunghwa Telecom Stock Performance

NYSE:CHT opened at $44.10 on Tuesday. The business has a 50 day moving average of $44.30 and a 200 day moving average of $43.05. The company has a market capitalization of $34.21 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 1.94 and a beta of 0.29. Chunghwa Telecom has a 1-year low of $39.28 and a 1-year high of $46.48. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.46.

Chunghwa Telecom (NYSE:CHT) last issued its earnings results on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.90% and a net margin of 16.23%.The business had revenue of $1.88 billion during the quarter. On average, sell-side analysts predict that Chunghwa Telecom will post 1.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chunghwa Telecom

Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in Chunghwa Telecom by 1.3% during the 1st quarter. Renaissance Technologies LLC now owns 2,765,296 shares of the utilities provider’s stock worth $116,806,000 after acquiring an additional 36,820 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Chunghwa Telecom by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 548,080 shares of the utilities provider’s stock valued at $23,145,000 after purchasing an additional 31,280 shares during the last quarter. Creative Planning lifted its position in Chunghwa Telecom by 20.0% in the third quarter. Creative Planning now owns 380,892 shares of the utilities provider’s stock valued at $16,615,000 after purchasing an additional 63,523 shares during the last quarter. American Century Companies Inc. lifted its position in Chunghwa Telecom by 12.7% in the third quarter. American Century Companies Inc. now owns 371,284 shares of the utilities provider’s stock valued at $16,195,000 after purchasing an additional 41,823 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Chunghwa Telecom by 67.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 368,306 shares of the utilities provider’s stock valued at $15,362,000 after purchasing an additional 148,378 shares during the period. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.