Telecom Plus (LON:TEP) Sets New 52-Week High After Dividend Announcement

Telecom Plus Plc (LON:TEP)’s share price hit a new 52-week high on Tuesday after the company announced a dividend. The stock traded as high as GBX 1,932 ($24.55) and last traded at GBX 1,915.30 ($24.34), with a volume of 132574 shares changing hands. The stock had previously closed at GBX 1,874 ($23.81).

The newly announced dividend which will be paid on Sunday, August 25th. Shareholders of record on Thursday, August 1st will be issued a GBX 47 ($0.60) dividend. This represents a yield of 2.51%. This is a boost from Telecom Plus’s previous dividend of $36.00. The ex-dividend date of this dividend is Thursday, August 1st. Telecom Plus’s dividend payout ratio (DPR) is presently 9,647.06%.

Telecom Plus Stock Up 2.4 %

The stock has a market cap of £1.51 billion, a price-to-earnings ratio of 2,204.71, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The firm’s fifty day moving average price is GBX 1,770.68 and its two-hundred day moving average price is GBX 1,608.38. The company has a debt-to-equity ratio of 54.43, a current ratio of 1.73 and a quick ratio of 1.29.

Telecom Plus Company Profile

Telecom Plus Plc provides a range of utility services in the United Kingdom. It offers various services, including gas, electricity, fixed line telephony, mobile telephony, broadband, and insurance, as well as bill protection and life cover, home insurance and boiler cover, and cashback card services under the Utility Warehouse and TML brands.