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

Telephone and Data Systems, Inc. (NYSE:TDS) declared a quarterly dividend on Friday, November 21st. Stockholders of record on Monday, December 15th will be paid a dividend of 0.04 per share by the Wireless communications provider on Tuesday, December 30th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, December 15th.

Telephone and Data Systems has decreased its dividend payment by an average of 0.1%annually over the last three years. Telephone and Data Systems has a dividend payout ratio of -64.0% meaning 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 Price Performance

Telephone and Data Systems stock opened at $38.19 on Friday. The stock has a market capitalization of $4.39 billion, a P/E ratio of -39.37 and a beta of 0.35. The company’s fifty day moving average price is $38.59 and its 200 day moving average price is $37.39. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.65 and a current ratio of 1.78. Telephone and Data Systems has a 1 year low of $31.07 and a 1 year high of $42.74.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, November 7th. The Wireless communications provider reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.13. Telephone and Data Systems had a negative net margin of 0.85% and a positive return on equity of 0.92%. The business had revenue of $308.52 million for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm posted ($0.73) earnings per share. The company’s revenue was down 5.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Telephone and Data Systems will post -0.31 earnings per share for the current fiscal year.

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.