Telephone and Data Systems, Inc. (NYSE:TDS – Get Rating) declared a quarterly dividend on Friday, May 20, reports RTT News. Shareholders of record on Wednesday, June 15 will receive a dividend of 0.18 per share from the wireless communications provider on Thursday, June 30. This represents a dividend of $0.72 on an annualized basis and a yield of 4.09%.
Telephone and Data Systems has increased its dividend payment by an average of 3.0% per year over the past three years and has increased its dividend annually for the past 49 consecutive years. Telephone and Data Systems has a dividend payout ratio of 163.6%, which means the company currently cannot cover its dividend with earnings alone and relies on its balance sheet to cover its dividend payments. Equity research analysts expect Telephone and Data Systems to earn $0.39 per share next year, meaning the company may not be able to cover its $0.72 annual dividend. $ with an expected future payout ratio of 184.6%.
NYSE: TDS traded down $0.05 on Friday, hitting $17.60. The stock recorded a trading volume of 1,531 shares, compared to an average volume of 1,219,265 shares. The company has a current ratio of 1.87, a quick ratio of 1.70 and a debt ratio of 0.63. Telephone and Data Systems has a 12 month minimum of $15.69 and a 12 month maximum of $26.51. The company has a 50-day moving average of $18.91 and a 200-day moving average of $19.33. The stock has a market capitalization of $2.02 billion, a P/E ratio of 19.72 and a beta of 1.07.
Telephone and Data Systems (NYSE:TDS – Get Rating) last released its quarterly results on Thursday, May 5. The wireless communications provider reported EPS of $0.37 for the quarter, beating the consensus estimate of $0.26 by $0.11. Telephony and Data Systems had a net margin of 2.99% and a return on equity of 2.81%. In the same quarter of the previous year, the company achieved EPS of $0.48. On average, stock analysts predict that telephony and data systems will post an EPS of 0.39 for the current year.
Several equity analysts have recently commented on the stock. Zacks Investment Research moved shares of Telephone and Data Systems from a “sell” rating to a “hold” rating and set a price target of $21.00 on the stock in a Thursday 10 research report. March. StockNews.com took over coverage of Telephone and Data Systems stocks in a Thursday, March 31 report. They issued a “hold” rating on the stock. Morgan Stanley cut shares of Telephone and Data Systems from an “overweight” rating to an “equal weight” rating and set a target price of $22.00 for the stock. in a report on Tuesday, April 19. Finally, Raymond James cut his price target on shares of Telephone and Data Systems from $33.00 to $25.00 and set a “strong buy” rating on the stock in a Tuesday, February 22 report. . One analyst rated the stock with a sell rating, three issued a hold rating and one gave the stock a strong buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.75.
Several large investors have recently changed their positions in TDS. Morgan Stanley increased its stake in shares of Telephone and Data Systems by 23.4% in the second quarter. Morgan Stanley now owns 1,450,629 shares of the wireless communications provider valued at $32,872,000 after buying an additional 275,160 shares during the period. Royal Bank of Canada increased its stake in shares of Telephone and Data Systems by 7.6% during the third quarter. Royal Bank of Canada now owns 48,220 shares of the wireless communications provider valued at $941,000 after acquiring 3,411 additional shares during the period. Bank of Montreal Can increased its stake in shares of Telephone and Data Systems by 133.7% during the fourth quarter. Bank of Montreal Can now owns 34,561 shares of the wireless communications provider valued at $706,000 after acquiring an additional 19,772 shares during the period. LPL Financial LLC acquired a new position in shares of Telephone and Data Systems during the fourth quarter valued at approximately $1,342,000. Finally, Credit Suisse AG increased its stake in shares of Telephone and Data Systems by 2.2% during the fourth quarter. Credit Suisse AG now owns 90,703 shares of the wireless communications provider valued at $1,829,000 after acquiring an additional 1,962 shares during the period. Institutional investors hold 86.34% of the company’s shares.
About Phone and Data Systems (Get an assessment)
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 consumer, commercial and government customers, including a suite of connected Internet of Things (IoT) solutions and software applications for monitoring and control, automation/business operations, communication , fleet and asset management, smart water solutions, private cellular networks and end-to-end customized IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, routers 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.
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