TDS announces first quarter 2023 dividends

Telephone and Data Systems (TDS) has declared a quarterly dividend of $0.185 per Common Share and Series A Common Share for Q1 2023.

Rhea-AI Summary

Telephone and Data Systems (TDS) has declared a quarterly dividend of $0.185 per Common Share and Series A Common Share for Q1 2023. This marks the 49th consecutive year of dividend increases. Additionally, dividends for preferred shares include $414.0625 for Series UU and $375.0000 for Series VV. These dividends will be payable on March 31, 2023, to shareholders on record as of March 15, 2023. TDS provides essential telecommunications services to approximately 6 million connections nationwide and employs about 9,300 people.

Positive

• 49 consecutive years of dividend increases demonstrates strong company performance.
• Quarterly dividend of $0.185 signifies a commitment to returning value to shareholders.
• Continued dividends on preferred shares enhance investor confidence.

Negative

• None.

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49^th consecutive year that TDS has increased its common share dividend

CHICAGO, Feb. 16, 2023 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS), a leading provider of telecommunications services, has declared first quarter 2023 dividends on its Common Shares, Series A Common Shares, Series UU Preferred Shares and Series VV Preferred Shares payable on March 31, 2023, to holders of record on March 15, 2023.

• TDS is paying a quarterly dividend of $0.185 per Common Share and Series A Common Share.
• TDS is paying a quarterly dividend of $414.0625 per share on the company's 6.625% Series UU Preferred shares; holders of depositary shares will receive $0.4140625 per depositary share.
• TDS is paying a quarterly dividend of $375.0000 per share on the company's 6.000% Series VV Preferred shares; holders of depositary shares will receive $0.3750000 per depositary share.

The tickers for the TDS Common shares is "TDS", the Series UU depositary shares is "TDSPrU" and the Series VV depositary shares is "TDSPrV".

About TDS
Telephone and Data Systems, Inc. (TDS), a Fortune 1000® company, provides wireless; broadband, video and voice; and hosted and managed services to approximately 6 million connections nationwide through its businesses, UScellular, TDS Telecom and OneNeck IT Solutions. Founded in 1969 and headquartered in Chicago, TDS employed 9,300 people as of December 31, 2022.

For more information about TDS and its subsidiaries, visit:

TDS: www.tdsinc.com
U.S. Cellular: www.uscellular.com
TDS Telecom: www.tdstelecom.com
OneNeck IT Solutions: www.oneneck.com

View original content:https://www.prnewswire.com/news-releases/tds-announces-first-quarter-2023-dividends-301749272.html

SOURCE Telephone and Data Systems

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount for TDS in Q1 2023?

TDS declared a quarterly dividend of $0.185 per Common Share and Series A Common Share.

When will TDS pay its Q1 2023 dividend?

The dividends will be payable on March 31, 2023.

What are the dividend details for TDS preferred shares?

TDS will pay a dividend of $414.0625 per share on Series UU and $375.0000 per share on Series VV preferred shares.

How often does TDS pay dividends?

TDS pays dividends quarterly.

How long has TDS been increasing its dividend?

TDS has increased its common share dividend for 49 consecutive years.