T-Mobile US, Inc. (TMUS) To Go Ex-Dividend on May 29th

T-Mobile US, Inc. (NASDAQ:TMUS) announced a quarterly dividend on Thursday, March 19th. Stockholders of record on Friday, May 29th will be paid a dividend of 1.02 per share by the Wireless communications provider on Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th.

T-Mobile US has a dividend payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.2%

Shares of TMUS opened at $191.11 on Wednesday. The firm has a market cap of $206.82 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.11 and a beta of 0.33. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. T-Mobile US has a fifty-two week low of $181.36 and a fifty-two week high of $261.56. The firm has a 50 day moving average price of $197.68 and a 200-day moving average price of $202.03.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The firm had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.58 EPS. As a group, equities research analysts forecast that T-Mobile US will post 10.65 earnings per share for the current year.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 5,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the transaction, the insider directly owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. The trade was a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Srikant M. Datar sold 3,291 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the sale, the director directly owned 1,038 shares in the company, valued at $229,501.80. This represents a 76.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 13,090 shares of company stock valued at $2,618,500 in the last 90 days. 0.37% of the stock is owned by company insiders.

Institutional Trading of T-Mobile US

A number of hedge funds and other institutional investors have recently modified their holdings of TMUS. United Community Bank grew its position in shares of T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 59 shares during the period. JDM Financial Group LLC grew its position in shares of T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 65 shares during the period. Main Street Group LTD purchased a new stake in shares of T-Mobile US in the 1st quarter worth about $25,000. Swiss RE Ltd. purchased a new stake in shares of T-Mobile US in the 4th quarter worth about $29,000. Finally, Turning Point Benefit Group Inc. grew its position in shares of T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after buying an additional 153 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

About T-Mobile US

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.