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

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

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 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. 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 Stock Performance

Telephone and Data Systems stock opened at $34.63 on Thursday. The firm has a market capitalization of $3.99 billion, a P/E ratio of 11.54 and a beta of 0.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.82 and a quick ratio of 3.81. The stock has a fifty day moving average price of $35.69 and a two-hundred day moving average price of $40.85. Telephone and Data Systems has a 52-week low of $31.51 and a 52-week high of $49.12.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, August 7th. The Wireless communications provider reported $2.24 EPS for the quarter, topping the consensus estimate of $0.09 by $2.15. Telephone and Data Systems had a return on equity of 11.97% and a net margin of 33.20%.The company had revenue of $309.28 million for the quarter, compared to analysts’ expectations of $315.78 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, analysts anticipate that Telephone and Data Systems will post -0.24 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.