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

Telephone and Data Systems, Inc. (NYSE:TDSGet Free Report) announced a quarterly dividend on Tuesday, May 28th, Wall Street Journal reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.04 per share by the Wireless communications provider on Friday, June 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, June 14th.

Telephone and Data Systems has increased its dividend by an average of 2.9% per year over the last three years and has increased its dividend annually for the last 50 consecutive years.

Telephone and Data Systems Stock Down 11.4 %

Shares of NYSE TDS traded down $2.17 during mid-day trading on Wednesday, reaching $16.91. The company had a trading volume of 2,735,096 shares, compared to its average volume of 1,105,287. The stock has a fifty day moving average of $16.83 and a two-hundred day moving average of $17.46. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.40 and a current ratio of 1.58. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -3.47 and a beta of 0.81. Telephone and Data Systems has a 12-month low of $6.43 and a 12-month high of $21.75.

Telephone and Data Systems (NYSE:TDSGet Free Report) last issued its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.15. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.08) earnings per share. As a group, equities research analysts expect that Telephone and Data Systems will post -0.48 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on TDS. raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. JPMorgan Chase & Co. lowered their price target on Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating on the stock in a report on Wednesday.

Check Out Our Latest Research Report on Telephone and Data Systems

About Telephone and Data Systems

(Get Free Report)

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.

Further Reading

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

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