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

Telephone and Data Systems, Inc. (NYSE:TDS) announced a quarterly dividend on Wednesday, August 19th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.04 per share by the Wireless communications provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Tuesday, September 15th.

Telephone and Data Systems has decreased its dividend payment by an average of 0.3%per year over the last three years. Telephone and Data Systems has a dividend payout ratio of -64.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Telephone and Data Systems to earn $0.15 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 106.7%.

Telephone and Data Systems Trading Up 1.3%

NYSE:TDS opened at $34.63 on Thursday. Telephone and Data Systems has a 12 month low of $31.51 and a 12 month high of $49.12. The company has a current ratio of 3.82, a quick ratio of 3.81 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $35.69 and its 200 day moving average is $40.85. The stock has a market capitalization of $3.99 billion, a PE ratio of 11.54 and a beta of 0.32.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results on Friday, August 7th. The Wireless communications provider reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $2.15. The firm had revenue of $309.28 million for the quarter, compared to analyst estimates of $315.78 million. Telephone and Data Systems had a return on equity of 11.97% and a net margin of 33.20%.The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) earnings per share. Sell-side analysts expect that Telephone and Data Systems will post -0.24 earnings per share for the current year.

About Telephone and Data Systems

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.