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MBT - Mobile Telesystems: Strong Results And Special Dividends Lead To 13% Dividend Yield
Mobile TeleSystems PJSC
Mobile Telesystems (or MTS) (MBT) published strong financial results for the third quarter slightly beating the consensus. With a stable outlook and subsided delisting risks, MTS retains its status of a safe harbor in the Russian market paying stable and generous dividends.
Q3 Results
The revenue went up to 133.9 billion rubles, an increase of 4.6% compared to the third quarter of 2018. Solid operating results of MTS Bank and growth in sales of mobile services in Russia and Ukraine were major contributors to revenue growth. Revenues came in 2% above consensus, which