Telephone & Data Systems, Inc. (NYSE:TDS) announced a quarterly dividend on Thursday, August 15th, RTT News reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.165 per share by the Wireless communications provider on Monday, September 30th. This represents a $0.66 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, September 13th.

Telephone & Data Systems has increased its dividend payment by an average of 4.3% per year over the last three years and has raised its dividend annually for the last 44 consecutive years. Telephone & Data Systems has a payout ratio of 97.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Telephone & Data Systems to earn $1.04 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 63.5%.

Telephone & Data Systems stock opened at $27.39 on Thursday. The company has a current ratio of 2.41, a quick ratio of 2.24 and a debt-to-equity ratio of 0.62. Telephone & Data Systems has a 12 month low of $24.11 and a 12 month high of $37.29. The stock’s 50 day simple moving average is $26.79 and its two-hundred day simple moving average is $30.24. The firm has a market cap of $3.01 billion, a PE ratio of 23.41 and a beta of 1.10.

Telephone & Data Systems (NYSE:TDS) last released its quarterly earnings data on Thursday, August 1st. The Wireless communications provider reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.04). Telephone & Data Systems had a return on equity of 2.89% and a net margin of 2.99%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the company posted $0.29 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts forecast that Telephone & Data Systems will post 1.13 EPS for the current year.

Several equities research analysts have commented on TDS shares. Morgan Stanley upgraded Telephone & Data Systems from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $33.00 to $47.50 in a research report on Tuesday, June 18th. TheStreet lowered Telephone & Data Systems from a “b-” rating to a “c+” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. upgraded Telephone & Data Systems from an “underweight” rating to a “neutral” rating and lowered their price objective for the stock from $32.00 to $31.00 in a research report on Monday, August 5th. Zacks Investment Research upgraded Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday, July 2nd. Finally, ValuEngine lowered Telephone & Data Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $37.70.

In other news, SVP Scott H. Williamson sold 8,079 shares of the stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $33.40, for a total transaction of $269,838.60. Following the transaction, the senior vice president now owns 55,881 shares in the company, valued at approximately $1,866,425.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Wade Oosterman bought 5,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were acquired at an average price of $24.88 per share, for a total transaction of $124,400.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $124,400. The disclosure for this purchase can be found here. Insiders have sold a total of 45,236 shares of company stock worth $1,464,435 in the last quarter. Insiders own 14.33% of the company’s stock.

Telephone & Data Systems Company Profile

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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