TPG Telecom Ltd (ASX:TPM) to Issue Interim Dividend of $0.49

TPG Telecom Ltd (ASX:TPM) declared a interim dividend on Friday, June 26th, MarketIndexAU reports. Investors of record on Monday, July 13th will be paid a dividend of 0.49 per share on Monday, July 13th. This represents a yield of 5.51%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from TPG Telecom’s previous interim dividend of $0.03.

Shares of TPG Telecom stock opened at A$7.29 ($5.17) on Monday. The company has a market cap of $6.76 billion and a price-to-earnings ratio of 24.97. The company’s 50 day moving average is A$7.28 and its 200 day moving average is A$7.29. TPG Telecom has a twelve month low of A$6.04 ($4.28) and a twelve month high of A$9.00 ($6.38). The company has a quick ratio of 0.37, a current ratio of 0.43 and a debt-to-equity ratio of 62.89.

In related news, insider Robert Millner bought 73,049 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of A$8.30 ($5.89) per share, with a total value of A$606,160.60 ($429,901.14).

TPG Telecom Company Profile

TPG Telecom Limited provides telecommunication services to residential users, small and medium enterprises, government, large corporate enterprises, and wholesale customers in Australia and internationally. The company offers ADSL2+, NBN, fiber optic and Ethernet broadband access, telephony services, Internet protocol television, SIM only mobile plans, and various business networking solutions.

See Also: Net Income

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