Telephone and Data Systems, Inc. (TDS) to Issue Quarterly Dividend of $0.04 on June 30th

Telephone and Data Systems, Inc. (NYSE:TDS) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Tuesday, June 16th will be paid 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 is Tuesday, June 16th.

Telephone and Data Systems has decreased its dividend by an average of 0.3%annually 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 $0.05 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

Shares of TDS opened at $40.10 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.43 and a quick ratio of 3.42. Telephone and Data Systems has a one year low of $32.60 and a one year high of $49.12. The company has a 50-day simple moving average of $42.78 and a two-hundred day simple moving average of $42.65. The firm has a market capitalization of $4.56 billion, a PE ratio of 75.65 and a beta of 0.28.

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