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

Telephone and Data Systems, Inc. (NYSE:TDS) announced a quarterly dividend on Friday, February 21st, RTT News reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.04 per share by the Wireless communications provider on Monday, March 31st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.42%.

Telephone and Data Systems has decreased its dividend payment by an average of 23.8% annually over the last three years. Telephone and Data Systems has a payout ratio of -114.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Telephone and Data Systems to earn ($0.20) per share next year, which means the company may not be able to cover its $0.16 annual dividend with an expected future payout ratio of -80.0%.

Telephone and Data Systems Stock Performance

TDS opened at $37.84 on Friday. The business’s 50 day moving average is $35.44 and its 200-day moving average is $29.53. The stock has a market cap of $4.28 billion, a PE ratio of -6.99 and a beta of 0.80. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. Telephone and Data Systems has a twelve month low of $13.92 and a twelve month high of $41.21.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.23. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. On average, analysts predict that Telephone and Data Systems will post -0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

TDS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Raymond James upgraded shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research note on Thursday, November 7th.

Telephone and Data Systems Company Profile

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.