Telefonica S.A. Plans Semiannual Dividend of $0.24 (NYSE:TEF)

Telefonica S.A. (NYSE:TEF) declared a semiannual dividend on Wednesday, November 29th, Wall Street Journal reports. Shareholders of record on Wednesday, December 13th will be paid a dividend of 0.2383 per share by the utilities provider on Wednesday, December 27th. This represents a yield of 4.67%. The ex-dividend date of this dividend is Tuesday, December 12th.

Telefonica has decreased its dividend by an average of 1.7% annually over the last three years. Telefonica has a payout ratio of 55.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Telefonica to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 53.3%.

Telefonica (NYSE:TEF) traded down $0.06 during trading on Friday, hitting $9.68. The company’s stock had a trading volume of 1,208,244 shares, compared to its average volume of 1,488,133. Telefonica has a twelve month low of $9.15 and a twelve month high of $11.64. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 1.79. The company has a market cap of $49,068.21, a price-to-earnings ratio of 19.36 and a beta of 1.29.

TEF has been the topic of a number of research analyst reports. Citigroup reiterated a “buy” rating on shares of Telefonica in a research report on Monday, September 4th. ValuEngine cut Telefonica from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Telefonica from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Wednesday, September 6th. Berenberg Bank upgraded Telefonica from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Finally, Barclays upgraded Telefonica from an “underweight” rating to an “equal weight” rating in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $11.70.

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Telefonica Company Profile

Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).

Dividend History for Telefonica (NYSE:TEF)

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