T-Mobile US, Inc. (NASDAQ:TMUS) Announces $1.02 Quarterly Dividend

T-Mobile US, Inc. (NASDAQ:TMUS) declared a quarterly dividend on Monday, June 15th. Investors of record on Friday, August 28th will be paid a dividend of 1.02 per share by the Wireless communications provider on Thursday, September 10th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, August 28th.

T-Mobile US has a payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect T-Mobile US to earn $13.15 per share next year, which means the company should continue to be able to cover its $4.08 annual dividend with an expected future payout ratio of 31.0%.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $188.86 on Tuesday. The company has a market capitalization of $204.38 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 1.10 and a beta of 0.31. T-Mobile US has a 12 month low of $174.02 and a 12 month high of $261.56. The firm’s 50-day moving average is $190.75 and its 200 day moving average is $199.51. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, beating the consensus estimate of $2.01 by $0.26. The company had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.58 EPS. Research analysts predict that T-Mobile US will post 10.65 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on TMUS shares. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a report on Wednesday, April 22nd. Moffett Nathanson raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price target for the company in a research report on Wednesday, April 8th. Scotiabank lowered their price target on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating for the company in a research report on Wednesday, April 29th. Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price target for the company in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.48.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.