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

Telephone and Data Systems, Inc. (NYSE:TDS - Get Free Report) announced a quarterly dividend on Tuesday, May 28th, Wall Street Journal reports. Investors of record on Friday, June 14th will be given a dividend of 0.04 per share by the Wireless communications provider on Friday, June 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Friday, June 14th.

Telephone and Data Systems has raised its dividend by an average of 2.9% per year over the last three years and has increased its dividend annually for the last 50 consecutive years.

Telephone and Data Systems Price Performance

Shares of TDS stock traded down $2.17 on Wednesday, hitting $16.91. 2,735,096 shares of the company's stock were exchanged, compared to its average volume of 1,105,287. The company has a 50 day moving average of $16.84 and a 200 day moving average of $17.45. The stock has a market cap of $1.91 billion, a P/E ratio of -3.47 and a beta of 0.81. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.58 and a quick ratio of 1.40. Telephone and Data Systems has a 12 month low of $6.43 and a 12 month high of $21.75.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.15. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. The firm's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company posted ($0.08) EPS. On average, equities research analysts predict that Telephone and Data Systems will post -0.48 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TDS. StockNews.com upgraded shares of Telephone and Data Systems from a "sell" rating to a "hold" rating in a report on Monday, May 6th. JPMorgan Chase & Co. lowered their target price on Telephone and Data Systems from $36.00 to $34.00 and set an "overweight" rating for the company in a report on Wednesday.

About Telephone and Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.