T-Mobile US, Inc. (NASDAQ:TMUS) Declares Dividend Increase – $0.88 Per Share

T-Mobile US, Inc. (NASDAQ:TMUS) declared a quarterly dividend on Wednesday, September 18th,Zacks Dividends reports. Investors of record on Wednesday, November 27th will be given a dividend of 0.88 per share by the Wireless communications provider on Thursday, December 12th. This represents a $3.52 annualized dividend and a yield of 1.47%. The ex-dividend date is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65.

T-Mobile US has a dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Analysts expect T-Mobile US to earn $10.30 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 25.2%.

T-Mobile US Stock Performance

Shares of TMUS opened at $239.94 on Tuesday. T-Mobile US has a 12-month low of $147.96 and a 12-month high of $242.43. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company has a market cap of $278.45 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.50. The stock has a 50-day moving average price of $220.26 and a 200-day moving average price of $195.92.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.82 earnings per share. As a group, equities analysts forecast that T-Mobile US will post 9.38 earnings per share for the current fiscal year.

Insider Activity at T-Mobile US

In other news, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the transaction, the director now directly owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. This represents a 7.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the sale, the insider now directly owns 119,687 shares of the company’s stock, valued at $24,571,741.10. The trade was a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,750 shares of company stock worth $72,863,634 over the last three months. 0.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TMUS shares. Barclays upped their price objective on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Daiwa America raised T-Mobile US to a “hold” rating in a research note on Friday, October 25th. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $241.83.

About T-Mobile US

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.