TDS announces first quarter 2024 dividends

Rhea-AI Summary

Telephone and Data Systems, Inc. (TDS) declares first quarter 2024 dividends on Common Shares, Series A Common Shares, Series UU Preferred Shares, and Series VV Preferred Shares. Dividends range from $0.19 to $414.0625 per share, payable in late March and early April 2024.

Financial Analyst

The announcement of dividends by Telephone and Data Systems, Inc. (TDS) represents a commitment to returning value to shareholders and can be indicative of the company's financial health. The declared dividend of $0.19 per common share is a tangible return on investment for shareholders. It is important to analyze the dividend yield, which is the dividend per share divided by the price per share. This yield is compared against industry benchmarks to assess the attractiveness of TDS's dividends relative to its stock price. The consistency and growth of dividend payments over time are also key indicators of the company's stability and confidence in its future cash flows.

Furthermore, the significant dividends declared on the Series UU and VV Preferred Shares, at $414.0625 and $375.0000 per share respectively, reflect the fixed-income-like feature of preferred shares, offering a higher yield in exchange for lower growth potential compared to common shares. Investors in preferred shares typically seek stability and are less exposed to market volatility, which can be seen as a conservative investment strategy. The impact of these dividend payments on the company's cash reserves and the potential implication for future investments and growth should also be evaluated.

Market Research Analyst

The telecom industry is known for its capital-intensive nature and the need for continuous investment in infrastructure to remain competitive. The declaration of dividends by TDS suggests a careful balance between rewarding shareholders and retaining enough capital for future growth. Analyzing the company's payout ratio, which is the proportion of earnings paid out as dividends to shareholders, is crucial to understanding if the company is maintaining a sustainable dividend policy without compromising its reinvestment capabilities.

Additionally, the market's reaction to dividend announcements can often provide insight into investor sentiment regarding the company's prospects. A positive response may indicate that the market views the dividend as a sign of strength, while a negative response could suggest concerns about the company's ability to maintain dividend payments in the face of potential challenges within the telecommunications sector.

CHICAGO, Feb. 16, 2024 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS), a leading provider of telecommunications services, has declared first quarter 2024 dividends on its Common Shares, Series A Common Shares, Series UU Preferred Shares and Series VV Preferred Shares.

• TDS is paying a quarterly dividend of $0.19 per Common Share and Series A Common Share payable on Mar. 28, 2024, to holders of record on Mar. 15, 2024.
• 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 payable on Apr. 1, 2024, to holders of record on Mar. 15, 2024.
• 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 payable on Apr. 1, 2024, to holders of record on Mar. 15, 2024.

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 8,800 people as of December 31, 2023.

For more information about TDS and its subsidiaries, visit:

TDS: www.tdsinc.com
UScellular: 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-2024-dividends-302063826.html

SOURCE Telephone and Data Systems, Inc.

What dividends has Telephone and Data Systems, Inc. (TDS) declared for the first quarter of 2024?

TDS has declared dividends ranging from $0.19 per Common Share to $414.0625 per Series UU Preferred Share and $375.0000 per Series VV Preferred Share.

When are the dividends payable for TDS Common Shares and Series A Common Shares?

The dividends for TDS Common Shares and Series A Common Shares are payable on Mar. 28, 2024.

When are the dividends payable for TDS Series UU Preferred Shares?

The dividends for TDS Series UU Preferred Shares are payable on Apr. 1, 2024.

When are the dividends payable for TDS Series VV Preferred Shares?

The dividends for TDS Series VV Preferred Shares are payable on Apr. 1, 2024.

What is the dividend amount for TDS Series UU Preferred Shares?

The dividend amount for TDS Series UU Preferred Shares is $414.0625 per share.

What is the dividend amount for TDS Series VV Preferred Shares?

The dividend amount for TDS Series VV Preferred Shares is $375.0000 per share.