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

Telephone and Data Systems, Inc. (NYSE:TDS) declared a quarterly dividend on Thursday, May 21st. Investors of record on Tuesday, June 16th will be given a dividend of 0.04 per share by the Wireless communications provider on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, June 16th.

Telephone and Data Systems has decreased its dividend by an average of 0.3%annually over the last three years. Telephone and Data Systems has a payout ratio of -64.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Telephone and Data Systems to earn $0.05 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 320.0%.

Telephone and Data Systems Price Performance

NYSE TDS opened at $41.15 on Friday. Telephone and Data Systems has a twelve month low of $32.60 and a twelve month high of $49.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.42 and a current ratio of 3.43. The stock has a market capitalization of $4.68 billion, a PE ratio of 77.64 and a beta of 0.33. The stock has a 50-day simple moving average of $43.82 and a 200 day simple moving average of $42.57.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of ($0.87) by $1.98. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.The business had revenue of $309.45 million during the quarter, compared to analysts’ expectations of $313.28 million. During the same quarter in the previous year, the firm earned ($0.09) EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. Research analysts anticipate that Telephone and Data Systems will post 0.94 EPS for the current year.

About Telephone and Data Systems

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.