T-Mobile US, Inc. (NASDAQ:TMUS) Raises Dividend to $1.17 Per Share

T-Mobile US, Inc. (NASDAQ:TMUS) announced a quarterly dividend on Thursday, September 24th. Stockholders of record on Wednesday, November 25th will be given a dividend of $1.17 per share by the Wireless communications provider on Thursday, December 10th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, November 25th. This is a 14.7% increase from T-Mobile US’s previous quarterly dividend of $1.02.

T-Mobile US has a dividend payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect T-Mobile US to earn $13.36 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 30.5%.

T-Mobile US Stock Up 0.0%

Shares of NASDAQ:TMUS opened at $165.36 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The firm’s 50 day moving average price is $179.14 and its 200 day moving average price is $187.96. The stock has a market cap of $177.38 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.04 and a beta of 0.34. T-Mobile US has a fifty-two week low of $161.14 and a fifty-two week high of $240.95.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.84 EPS. As a group, equities research analysts predict that T-Mobile US will post 10.82 earnings per share for the current fiscal year.

Insider Transactions at T-Mobile US

In related news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the transaction, the chief accounting officer directly owned 35,118 shares in the company, valued at $6,262,592.94. The trade was a 2.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TMUS. BlackRock Inc. bought a new position in T-Mobile US during the second quarter valued at approximately $6,625,275,000. State Street Corp boosted its stake in T-Mobile US by 4.3% during the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after buying an additional 1,047,624 shares in the last quarter. Capital International Investors boosted its stake in T-Mobile US by 8.2% in the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock valued at $3,014,754,000 after buying an additional 1,121,409 shares in the last quarter. Invesco Ltd. increased its holdings in shares of T-Mobile US by 10.5% during the fourth quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock worth $1,772,638,000 after buying an additional 827,381 shares in the last quarter. Finally, Norges Bank bought a new position in T-Mobile US in the fourth quarter valued at about $1,335,918,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Company Profile

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.