Deutsche Telekom AG (OTCMKTS:DTEGY) Raises Dividend to $0.97 Per Share

Deutsche Telekom AG (OTCMKTS:DTEGY) announced a dividend on Tuesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Friday, April 11th will be paid a dividend of 0.9731 per share by the utilities provider on Monday, April 21st. The ex-dividend date is Friday, April 11th. This is a 20.8% increase from Deutsche Telekom’s previous dividend of $0.81.

Deutsche Telekom Price Performance

OTCMKTS DTEGY traded down $0.03 during mid-day trading on Wednesday, hitting $36.05. The stock had a trading volume of 482,730 shares, compared to its average volume of 1,167,583. The firm’s 50 day moving average is $34.83 and its 200 day moving average is $31.86. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.15 and a quick ratio of 1.08. The stock has a market capitalization of $179.76 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 1.35 and a beta of 0.77. Deutsche Telekom has a twelve month low of $22.03 and a twelve month high of $37.74.

Deutsche Telekom (OTCMKTS:DTEGY) last issued its earnings results on Wednesday, February 26th. The utilities provider reported $0.51 EPS for the quarter. The business had revenue of $33 billion during the quarter. Deutsche Telekom had a net margin of 5.36% and a return on equity of 7.65%. Equities research analysts forecast that Deutsche Telekom will post 1.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DTEGY. Hsbc Global Res cut Deutsche Telekom from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. UBS Group raised Deutsche Telekom from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, Deutsche Telekom has a consensus rating of “Strong Buy”.

Deutsche Telekom Company Profile

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. The company operates through Germany, United States, Europe, Systems Solutions, Group Development, and Group Headquarters and Group Services segments. It offers fixed-network services, including voice and data communication services based on fixed-network and broadband technology; and sells terminal equipment and other hardware products, as well as services to resellers.