Telephone & Data Systems, Inc. Plans Quarterly Dividend of $0.13 (TDS)
Telephone & Data Systems (NYSE:TDS) announced a quarterly dividend on Friday, August 22nd, Analyst Ratings Network reports. Stockholders of record on Monday, September 15th will be paid a dividend of 0.134 per share on Tuesday, September 30th. This represents a $0.54 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, September 11th.
A number of research firms have recently commented on TDS. Analysts at Raymond James upgraded shares of Telephone & Data Systems from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, August 5th. They now have a $39.00 price target on the stock, up previously from $37.00. Analysts at Morgan Stanley upgraded shares of Telephone & Data Systems from an “underweight” rating to an “equal weight” rating in a research note on Friday, May 30th.
Shares of Telephone & Data Systems (NYSE:TDS) traded up 0.55% on Friday, hitting $25.62. 320,645 shares of the company’s stock traded hands. Telephone & Data Systems has a 1-year low of $21.30 and a 1-year high of $31.52. The stock has a 50-day moving average of $25.15 and a 200-day moving average of $25.60. The company’s market cap is $2.773 billion.
Telephone & Data Systems (NYSE:TDS) last released its earnings data on Friday, August 1st. The company reported ($0.16) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.16). The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company posted $1.42 earnings per share. Telephone & Data Systems’s revenue was up .7% compared to the same quarter last year. Analysts expect that Telephone & Data Systems will post $-0.65 EPS for the current fiscal year.
Telephone and Data Systems, Inc (NYSE:TDS) is a diversified telecommunications service company.
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