The fiber internet giant, led by Dennis Anthony H. Uy and Maria Grace Uy, earlier trimmed its guidance, with revenues now expected to grow 10–12 percent versus an earlier forecast of almost 15 percent.
Profit margins are seen holding at around 59–60 percent, while spending will climb to as much as P25 billion.
Despite these headwinds, APS research analyst Cholo Miguel Ramirez noted that management remains confident in paying out 25–30 percent of earnings as dividends.
Based on the current share price of P11.92, Converge’s dividend yield is estimated at 3.39 percent in 2025.
This is projected to increase to 3.93 percent next year, 4.64 percent in 2027 and above 5 percent in 2028.
APS said this supports its P24.58 target price, highlighting that dividend payouts remain unaffected and earnings growth potential is intact. —Edited by Miguel R. Camus
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