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

Telephone and Data Systems, Inc. (NYSE:TDS) declared 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) dividend on an annualized basis and a dividend 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%per year over the last three years. Telephone and Data Systems has a dividend 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. 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 Down 1.1%

NYSE:TDS opened at $41.15 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.42 and a current ratio of 3.43. The company has a market cap of $4.68 billion, a PE ratio of 77.64 and a beta of 0.33. Telephone and Data Systems has a 52-week low of $32.60 and a 52-week high of $49.12. The stock has a 50-day simple moving average of $43.82 and a 200 day simple moving average of $42.57.

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

Telephone and Data Systems Company Profile

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.