Telephone and Data Systems, Inc. (NYSE:TDS) Announces $0.04 Quarterly Dividend

by · The Cerbat Gem

Telephone and Data Systems, Inc. (NYSE:TDS – Get Free Report) announced a quarterly dividend on Thursday, May 21st. Investors of record on Tuesday, June 16th will be given a dividend of 0.04 per share by the Wireless communications provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, June 16th.

Telephone and Data Systems has decreased its dividend by an average of 0.3%per year over the last three years. Telephone and Data Systems has a payout ratio of -64.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Telephone and Data Systems to earn $0.05 per share next year, which means the company may not be able to cover its $0.16 annual dividend with an expected future payout ratio of 320.0%.

Telephone and Data Systems Stock Performance

NYSE:TDS opened at $41.15 on Friday. The stock has a market cap of $4.68 billion, a P/E ratio of 77.64 and a beta of 0.33. The stock has a 50 day simple moving average of $43.82 and a 200 day simple moving average of $42.57. The company has a current ratio of 3.43, a quick ratio of 3.42 and a debt-to-equity ratio of 0.16. Telephone and Data Systems has a 1-year low of $32.60 and a 1-year high of $49.12.

Telephone and Data Systems (NYSE:TDS – Get Free Report) last released its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of ($0.87) by $1.98. The business had revenue of $309.45 million during the quarter, compared to analysts’ expectations of $313.28 million. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.09) EPS. Research analysts anticipate that Telephone and Data Systems will post 0.94 earnings per share for the current year.

Telephone and Data Systems Company Profile

(Get Free Report)

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.

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