Telephone & Data Systems, Inc. (NYSE:TDS) declared a quarterly dividend on Monday, November 19th, Wall Street Journal reports. Investors of record on Friday, December 14th will be paid a dividend of 0.16 per share by the Wireless communications provider on Friday, December 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, December 13th.

Telephone & Data Systems has raised its dividend by an average of 5.0% per year over the last three years and has increased its dividend every year for the last 43 years. Telephone & Data Systems has a dividend payout ratio of 94.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Telephone & Data Systems to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 50.8%.

Shares of TDS opened at $34.80 on Friday. The stock has a market capitalization of $3.98 billion, a P/E ratio of 32.64 and a beta of 0.79. Telephone & Data Systems has a 1-year low of $23.54 and a 1-year high of $36.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.65 and a current ratio of 2.80.

Telephone & Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.16. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Telephone & Data Systems had a return on equity of 2.43% and a net margin of 7.96%. Telephone & Data Systems’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. As a group, equities analysts forecast that Telephone & Data Systems will post 1.18 EPS for the current year.

In other news, CEO James W. Butman sold 42,826 shares of Telephone & Data Systems stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $35.91, for a total transaction of $1,537,881.66. Following the completion of the sale, the chief executive officer now directly owns 59,323 shares in the company, valued at approximately $2,130,288.93. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Peter L. Sereda sold 10,998 shares of Telephone & Data Systems stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $35.31, for a total value of $388,339.38. The disclosure for this sale can be found here. Insiders have sold a total of 189,895 shares of company stock valued at $6,643,100 over the last 90 days. Corporate insiders own 17.30% of the company’s stock.

A number of equities analysts recently weighed in on TDS shares. Zacks Investment Research cut Telephone & Data Systems from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. B. Riley set a $42.00 price target on Telephone & Data Systems and gave the stock a “buy” rating in a research note on Wednesday, November 7th. ValuEngine raised Telephone & Data Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. Finally, Raymond James raised their price objective on Telephone & Data Systems from $31.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $37.20.

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Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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

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