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

Telephone and Data Systems, Inc. (NYSE:TDS) announced a quarterly dividend on Friday, February 21st, RTT News reports. Shareholders 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 annualized dividend and a dividend yield of 0.42%.

Telephone and Data Systems has decreased its dividend by an average of 23.8% per year over the last three years. Telephone and Data Systems has a payout ratio of -114.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 %

Shares of TDS stock opened at $38.00 on Friday. Telephone and Data Systems has a 1 year low of $13.92 and a 1 year high of $41.21. The company’s fifty day simple moving average is $35.54 and its two-hundred day simple moving average is $29.60. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The stock has a market capitalization 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 issued its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.23. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. As a group, analysts anticipate that Telephone and Data Systems will post -0.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on TDS shares. Raymond James raised 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. JPMorgan Chase & Co. boosted their target price on 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.

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.