Telephone and Data Systems, Inc. (TDS) To Go Ex-Dividend on June 16th

Telephone and Data Systems, Inc. (NYSE:TDS – Get Free Report) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Tuesday, June 16th will be given a dividend of 0.04 per share by the Wireless communications provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, June 16th.

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 payout ratio of -64.0% indicating that 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 $0.05 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 320.0%.

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Telephone and Data Systems Stock Down 4.6%

TDS stock opened at $39.30 on Friday. The firm’s fifty day simple moving average is $43.73 and its 200-day simple moving average is $42.55. The company has a market capitalization of $4.47 billion, a P/E ratio of 74.15 and a beta of 0.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.43 and a quick ratio of 3.42. Telephone and Data Systems has a 12 month low of $32.60 and a 12 month high of $49.12.

Telephone and Data Systems (NYSE:TDS – Get Free Report) last released its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $1.11 EPS for the quarter, beating the consensus estimate of ($0.87) by $1.98. The business had revenue of $309.45 million for the quarter, compared to the consensus estimate of $313.28 million. Telephone and Data Systems had a net margin of 6.15% and a return on equity of 5.54%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.09) EPS. As a group, equities research analysts forecast that Telephone and Data Systems will post 0.94 earnings per share for the current year.

About Telephone and Data Systems

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Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.

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