Telephone and Data Systems, Inc. (TDS) to Issue Quarterly Dividend of $0.04 on March 31st

Telephone and Data Systems, Inc. (NYSE:TDS) declared a quarterly dividend on Friday, February 21st, RTT News reports. Investors of record on Monday, March 17th will be paid 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 0.46%. The ex-dividend date is Monday, March 17th.

Telephone and Data Systems has decreased its dividend payment by an average of 23.8% per year over the last three years. Telephone and Data Systems has a dividend payout ratio of -59.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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

Shares of NYSE TDS opened at $35.03 on Friday. The business has a fifty day simple moving average of $35.87 and a 200 day simple moving average of $31.22. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of -6.49 and a beta of 0.75. Telephone and Data Systems has a one year low of $14.04 and a one year high of $41.21.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.23. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. Sell-side analysts expect that Telephone and Data Systems will post -0.31 EPS for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price target on Telephone and Data Systems from $53.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, February 24th.

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.