Telephone & Data Systems, Inc. (NYSE:TDS) Announces Quarterly Dividend of $0.17

Telephone & Data Systems, Inc. (NYSE:TDS) announced a quarterly dividend on Monday, November 18th, RTT News reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.165 per share by the Wireless communications provider on Monday, December 30th. This represents a $0.66 annualized dividend and a yield of 2.88%.

Shares of NYSE TDS traded down $0.47 during trading hours on Tuesday, hitting $22.89. 35,307 shares of the stock were exchanged, compared to its average volume of 1,110,762. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.24 and a quick ratio of 2.10. The company’s 50 day moving average is $24.82 and its 200 day moving average is $28.06. The firm has a market capitalization of $2.72 billion, a P/E ratio of 19.56 and a beta of 1.06. Telephone & Data Systems has a one year low of $21.44 and a one year high of $37.29.

Telephone & Data Systems (NYSE:TDS) last posted its quarterly earnings data on Thursday, October 31st. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Telephone & Data Systems had a return on equity of 2.35% and a net margin of 2.44%. Telephone & Data Systems’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. Research analysts anticipate that Telephone & Data Systems will post 1.09 earnings per share for the current fiscal year.

Several analysts recently issued reports on TDS shares. Raymond James raised shares of Telephone & Data Systems from an “outperform” rating to a “strong-buy” rating and decreased their price objective for the stock from $35.00 to $32.00 in a report on Monday, November 4th. JPMorgan Chase & Co. raised shares of Telephone & Data Systems from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a report on Monday, November 4th. Finally, TheStreet downgraded shares of Telephone & Data Systems from a “b-” rating to a “c+” rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $35.38.

In related news, Director Prudence E. Carlson sold 3,510 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $24.96, for a total transaction of $87,609.60. Following the completion of the sale, the director now directly owns 54,722 shares of the company’s stock, valued at approximately $1,365,861.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 14.33% of the stock is currently owned by corporate insiders.

About Telephone & Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

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Dividend History for Telephone & Data Systems (NYSE:TDS)

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