T-Mobile US, Inc. Announces Quarterly Dividend of $0.88 (NASDAQ:TMUS)

T-Mobile US, Inc. (NASDAQ:TMUS) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Investors of record on Friday, May 30th will be given a dividend of 0.88 per share by the Wireless communications provider on Thursday, June 12th. This represents a $3.52 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, May 30th.

T-Mobile US has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance

T-Mobile US stock opened at $246.24 on Friday. The firm has a fifty day simple moving average of $225.97 and a two-hundred day simple moving average of $214.95. T-Mobile US has a twelve month low of $158.84 and a twelve month high of $250.50. The company has a market capitalization of $281.14 billion, a PE ratio of 25.46, a P/E/G ratio of 1.44 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping 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%. Research analysts expect that T-Mobile US will post 10.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TMUS. UBS Group boosted their target price on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a report on Friday, October 25th. Benchmark reaffirmed a “buy” rating and set a $255.00 target price on shares of T-Mobile US in a research note on Tuesday, January 28th. Barclays boosted their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Sanford C. Bernstein initiated coverage on T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective on the stock. Seven investment 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $251.79.

Insider Transactions at T-Mobile US

In other news, Director Andre Almeida bought 3,808 shares of the stock in a transaction on Monday, December 9th. The shares were bought at an average price of $235.72 per share, with a total value of $897,621.76. Following the completion of the acquisition, the director now owns 3,808 shares in the company, valued at $897,621.76. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through 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 directly owns 5,653 shares of the company’s stock, valued at $1,306,295.24. The trade was a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,100 shares of company stock worth $5,501,978 over the last three months. 0.67% of the stock is currently owned by company insiders.

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.