T-Mobile US, Inc. (NASDAQ:TMUS) Announces $0.88 Quarterly Dividend

T-Mobile US, Inc. (NASDAQ:TMUS) announced a quarterly dividend on Thursday, June 5th, RTT News reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.88 per share by the Wireless communications provider on Thursday, September 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, August 29th.

T-Mobile US has a payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect T-Mobile US to earn $12.29 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 21.2%.

T-Mobile US Stock Performance

T-Mobile US stock opened at $245.86 on Friday. The company’s 50-day moving average price is $248.49 and its 200-day moving average price is $244.07. T-Mobile US has a twelve month low of $171.18 and a twelve month high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company has a market cap of $279.16 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the previous year, the firm posted $2.00 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts forecast that T-Mobile US will post 10.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Benchmark reiterated a “buy” rating and set a $275.00 price objective on shares of T-Mobile US in a research report on Thursday, March 27th. Tigress Financial boosted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. Royal Bank of Canada boosted their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research report on Friday, March 21st. Finally, Wall Street Zen cut shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.