Telefónica, S.A. (NYSE:TEF) Announces Semi-annual Dividend of $0.16

Telefónica, S.A. (NYSE:TEF - Get Free Report) announced a semi-annual dividend on Friday, December 6th,Wall Street Journal reports. Investors of record on Wednesday, December 18th will be given a dividend of 0.1576 per share by the utilities provider on Friday, January 10th. This represents a yield of 5.2%. The ex-dividend date is Wednesday, December 18th.

Telefónica has decreased its dividend by an average of 10.9% annually over the last three years. Telefónica has a payout ratio of 97.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Analysts expect Telefónica to earn $0.34 per share next year, which means the company should continue to be able to cover its $0.33 annual dividend with an expected future payout ratio of 97.1%.

Telefónica Stock Performance

Shares of NYSE:TEF remained flat at $4.55 during trading on Friday. The company's stock had a trading volume of 678,328 shares, compared to its average volume of 691,230. Telefónica has a 52-week low of $3.82 and a 52-week high of $4.93. The stock has a market capitalization of $25.77 billion, a PE ratio of -17.50 and a beta of 0.66. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. The firm has a fifty day simple moving average of $4.61 and a two-hundred day simple moving average of $4.55.

Analyst Upgrades and Downgrades

TEF has been the topic of several analyst reports. Hsbc Global Res raised shares of Telefónica to a "hold" rating in a research report on Wednesday, October 2nd. StockNews.com cut shares of Telefónica from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, HSBC upgraded Telefónica from a "reduce" rating to a "hold" rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold".

Telefónica Company Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

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