Telephone and Data Systems, Inc. (TDS) To Go Ex-Dividend on September 15th

Telephone and Data Systems, Inc. (NYSE:TDS) declared a quarterly dividend on Wednesday, August 19th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.04 per share by the Wireless communications provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 15th.

Telephone and Data Systems has decreased its dividend payment by an average of 0.3%annually over the last three years. Telephone and Data Systems has a dividend payout ratio of -64.0% meaning 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 $0.15 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 106.7%.

Telephone and Data Systems Stock Up 0.0%

Shares of NYSE:TDS opened at $37.45 on Friday. Telephone and Data Systems has a 1 year low of $31.51 and a 1 year high of $49.12. The company has a market cap of $4.31 billion, a PE ratio of 12.48 and a beta of 0.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.82 and a quick ratio of 3.81. The stock’s 50-day moving average is $34.69 and its 200 day moving average is $39.63.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings data on Friday, August 7th. The Wireless communications provider reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $2.15. Telephone and Data Systems had a net margin of 33.20% and a return on equity of 11.97%. The business had revenue of $309.28 million for the quarter, compared to the consensus estimate of $315.78 million. During the same period in the previous year, the firm earned ($0.05) EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts anticipate that Telephone and Data Systems will post -0.24 EPS for the current year.

Institutional Trading of Telephone and Data Systems

Several institutional investors and hedge funds have recently modified their holdings of the company. Knighthead Capital Management LLC acquired a new position in Telephone and Data Systems in the first quarter valued at $18,764,000. Carronade Capital Management LP boosted its stake in shares of Telephone and Data Systems by 10.0% during the first quarter. Carronade Capital Management LP now owns 4,623,934 shares of the Wireless communications provider’s stock worth $194,668,000 after buying an additional 420,340 shares during the period. Rokos Capital Management LLP acquired a new stake in shares of Telephone and Data Systems during the first quarter worth about $21,040,000. Dimensional Fund Advisors LP grew its holdings in shares of Telephone and Data Systems by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,482,147 shares of the Wireless communications provider’s stock worth $272,898,000 after buying an additional 90,097 shares during the last quarter. Finally, 140 Summer Partners LP grew its holdings in shares of Telephone and Data Systems by 5.3% during the fourth quarter. 140 Summer Partners LP now owns 1,315,306 shares of the Wireless communications provider’s stock worth $53,928,000 after buying an additional 66,148 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors.

About Telephone and Data Systems

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company that provides broadband, voice, video, wireless and managed communications services in the United States. Its operations primarily serve residential, business and government customers in smaller cities, suburban communities and rural markets.

TDS Telecom is the company’s primary operating business. It delivers high-speed internet, fiber-based connectivity, traditional and digital voice services, video entertainment, hosted and managed services, and other communications solutions.