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

Telephone and Data Systems, Inc. (NYSE:TDS) announced a quarterly dividend on Friday, February 21st, RTT News reports. Stockholders of record on Monday, March 17th will be given 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 0.42%. 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 -114.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 Down 4.1 %

NYSE:TDS opened at $38.00 on Friday. The company’s 50 day moving average price is $35.59 and its 200-day moving average price is $29.73. Telephone and Data Systems has a 52 week low of $13.92 and a 52 week high of $41.21. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of -7.04 and a beta of 0.80.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly 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. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. On average, equities research analysts forecast that Telephone and Data Systems will post -0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TDS shares. JPMorgan Chase & Co. raised their target price on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a 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 target price on the stock in a report on Thursday, November 7th.

About Telephone and Data Systems

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.