If you were lucky to crossover to 2020, you must have drawn your new year resolutions already, or maybe you’re in the process of doing so. There’s no doubt that part of your new year resolutions is making wise investment decisions. That’s why you should already be thinking about high-dividend stocks like Mobile TeleSystems PJSC (MBT).
From strong earnings to promising growth prospects, you’ve got every reason to pay attention to Mobile TeleSystems PJSC (MBT). In the past 5 years, the company has sustained its top dividend status, recording a minimum yield of about 6.58% and a maximum yield of about 17.18%. This shows that the company is committed to offering high yields to its shareholders and will continue to do so in the future.
Mobile TeleSystems PJSC (MBT) Q3 Earnings
Mobile TeleSystems announced its Q3 earnings on November 19, 2019. Based on the earnings report, the company’s revenue went up by approximately 4.6% year-over-year, hitting $2.14 billion. The growth was supported by a strong performance in its core operations in its largest markets, which is expected to improve in the coming years.
Following the significant revenue growth, Mobile TeleSystems PJSC (MBT) hopes to deliver higher dividends to its shareholders in the future. As a result, the company forecasts a forward dividend yield of about 8.71%.
The backbone of Mobile TeleSystems’ consistency in paying out high dividends to its shareholders is its growing wireless operations. Now, with the infrastructure upgrades to 4G LTE and 5G networks, there will be greater data consumption and, of course, this will translate to higher revenues that continue to boost the high-dividend yield. This is further strengthened by the incorporation of MTS Bank, which has led to year-over-year growth in the company retail loan portfolio by approximately 85%.
Mobile TeleSystems Public Joint Stock Company provides telecommunication services primarily in Russia, Ukraine, and Armenia. It operates through Russia Convergent, Moscow Fixed Line, Ukraine, and MTS Bank segments. The company offers voice and data transmission services, including data transfer, Internet, broadband, and pay-TV, and various value-added services, including big data, Internet of Things, cloud, and e-commerce services through wireless and fixed lines, alongside selling equipment, accessories, and software. Additionally, it offers banking products and services in Russia.