T-Mobile US, Inc. (TMUS) to Issue Quarterly Dividend of $0.88 on March 13th

T-Mobile US, Inc. (NASDAQ:TMUS) announced a quarterly dividend on Thursday, November 21st, Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 0.88 per share by the Wireless communications provider on Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, February 28th.

T-Mobile US has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect T-Mobile US to earn $12.29 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 21.2%.

T-Mobile US Price Performance

TMUS opened at $270.54 on Wednesday. T-Mobile US has a 1 year low of $158.84 and a 1 year high of $273.40. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company has a market capitalization of $308.89 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 1.55 and a beta of 0.56. The firm’s fifty day moving average price is $232.75 and its two-hundred day moving average price is $222.70.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, analysts anticipate that T-Mobile US will post 10.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other T-Mobile US news, Director Andre Almeida purchased 3,808 shares of the stock in a transaction on Monday, December 9th. The stock was acquired at an average cost of $235.72 per share, with a total value of $897,621.76. Following the completion of the purchase, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the sale, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TMUS shares. Barclays lifted their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Benchmark reissued a “buy” rating and set a $255.00 target price on shares of T-Mobile US in a report on Tuesday, January 28th. Scotiabank raised their price target on T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Oppenheimer boosted their price objective on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $251.79.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.