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

Telephone and Data Systems, Inc. (NYSE:TDS) announced a quarterly dividend on Friday, February 20th. Stockholders of record on Monday, March 16th will be given a dividend of 0.04 per share by the Wireless communications provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, March 16th.

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% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Down 0.7%

Telephone and Data Systems stock opened at $45.21 on Friday. The company has a market capitalization of $5.20 billion, a P/E ratio of -69.55 and a beta of 0.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.89. Telephone and Data Systems has a fifty-two week low of $31.07 and a fifty-two week high of $47.79. The stock has a 50-day simple moving average of $43.11 and a 200-day simple moving average of $40.31.

Wall Street Analysts Forecast Growth

TDS has been the topic of a number of research reports. Weiss Ratings restated a “sell (d)” rating on shares of Telephone and Data Systems in a research report on Monday, December 29th. Citigroup upped their price target on shares of Telephone and Data Systems from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Wall Street Zen raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research downgraded shares of Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Telephone and Data Systems currently has an average rating of “Hold” and a consensus target price of $51.67.

Telephone and Data Systems Company Profile

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.