Telephone and Data Systems, Inc. (NYSE:TDS) declared a quarterly dividend on Wednesday, November 29th, NASDAQ reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.155 per share by the Wireless communications provider on Thursday, December 28th. This represents a $0.62 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, December 14th.

Telephone and Data Systems has increased its dividend by an average of 15.7% annually over the last three years and has increased its dividend annually for the last 42 consecutive years. Telephone and Data Systems has a dividend payout ratio of -48.8% 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 $0.35 per share next year, which means the company may not be able to cover its $0.62 annual dividend with an expected future payout ratio of 177.1%.

Telephone and Data Systems (TDS) opened at $26.59 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.42 and a debt-to-equity ratio of 0.54. Telephone and Data Systems has a 52 week low of $24.57 and a 52 week high of $32.97. The company has a market capitalization of $2,937.06, a P/E ratio of 58.80 and a beta of 0.98.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.09). Telephone and Data Systems had a negative net margin of 2.77% and a positive return on equity of 1.08%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The business’s revenue was down 4.8% on a year-over-year basis. equities research analysts predict that Telephone and Data Systems will post -1.27 EPS for the current year.

Several brokerages have recently issued reports on TDS. Zacks Investment Research upgraded Telephone and Data Systems from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Monday, November 13th. Drexel Hamilton upgraded Telephone and Data Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $29.00.

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Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

Dividend History for Telephone and Data Systems (NYSE:TDS)

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