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

Telephone and Data Systems, Inc. (NYSE:TDS - Get Free Report) announced a quarterly dividend on Friday, February 21st, RTT News reports. Investors of record on Monday, March 17th will be given a dividend of 0.04 per share by the Wireless communications provider on Monday, March 31st. This represents a $0.16 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Monday, March 17th.

Telephone and Data Systems has decreased its dividend payment by an average of 23.8% annually over the last three years. Telephone and Data Systems has a dividend payout ratio of -114.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Telephone and Data Systems to earn ($0.20) 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 -80.0%.

Telephone and Data Systems Trading Down 1.0 %

Shares of TDS traded down $0.37 during mid-day trading on Tuesday, reaching $36.31. The company had a trading volume of 1,187,885 shares, compared to its average volume of 844,813. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of -6.72 and a beta of 0.80. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The firm has a fifty day simple moving average of $35.64 and a 200-day simple moving average of $29.98. Telephone and Data Systems has a fifty-two week low of $13.92 and a fifty-two week high of $41.21.

Remove Ads

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.23. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. On average, sell-side analysts anticipate that Telephone and Data Systems will post -0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TDS has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the stock an "overweight" rating in a research report on Monday. Raymond James upgraded Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 target price for the company in a research note on Thursday, November 7th.

Telephone and Data Systems Company Profile

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.