Why PT Telekomunikasi (TLK) is a Great Dividend Stock Right Now

Company Overview - PT Telekomunikasi (TLK) is headquartered in Bandung and operates in the Utilities sector, experiencing a price change of -28.92% this year [3] - The company currently pays a dividend of $0.85 per share, resulting in a dividend yield of 4.64%, which is significantly higher than the Diversified Communication Services industry's yield of 1.58% and the S&P 500's yield of 1.57% [3] Dividend Performance - The current annualized dividend of $0.85 represents a 0.2% increase from the previous year [4] - Over the last 5 years, PT Telekomunikasi has increased its dividend 3 times year-over-year, with an average annual increase of 7.97% [4] - The company's current payout ratio is 53%, indicating that it paid out 53% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - PT Telekomunikasi is expected to see earnings growth this fiscal year, with the Zacks Consensus Estimate for 2024 at $1.72 per share, reflecting a 5.52% increase from the previous year [5] Investment Considerations - TLK is viewed as an attractive dividend investment opportunity, supported by a Zacks Rank of 2 (Buy) [7] - The company is positioned as a compelling option for income investors, particularly due to its higher dividend yield compared to industry peers [7]