Telephone and Data Systems, Inc. (NYSE:TDS) Plans Quarterly Dividend of $0.04

Telephone and Data Systems, Inc. (NYSE:TDS) announced a quarterly dividend on Tuesday, November 26th,RTT News reports. Investors of record on Monday, December 16th will be given a dividend of 0.04 per share by the Wireless communications provider on Tuesday, December 31st. This represents a $0.16 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, December 16th.

Telephone and Data Systems has raised its dividend payment by an average of 2.9% annually over the last three years. Telephone and Data Systems has a payout ratio of -94.1% indicating that 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 Trading Up 0.9 %

Shares of Telephone and Data Systems stock opened at $35.22 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The company has a market capitalization of $3.98 billion, a P/E ratio of -6.49 and a beta of 0.81. Telephone and Data Systems has a 1 year low of $13.69 and a 1 year high of $35.39. The company’s fifty day moving average is $30.02 and its two-hundred day moving average is $24.38.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.19. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.16) earnings per share. Analysts forecast that Telephone and Data Systems will post -0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

TDS has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Raymond James upgraded shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research report on Thursday, November 7th.

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.