Dividend Play on TEL

Philippine Long Distance Telephone Company recently announced a 62Php regular dividend with ex-date on March 13, 2014. As if that isn't enough, the telco giant also declared a 54Php special dividend. At TEL's current price of 2800 per share, an investor will have dividend returns of 4%!. If you have remaining cash lying I'm mark TEL as a priority BUY. IIF you really don't want the stock you can just dispose of it by March 13 and you'll still be entitled for the dividend! That's a safe way to earn 4% in a few days if you ask me.

The payment date of the Dividend is April 16.