TDS announces fourth quarter 2024 dividends

Rhea-AI Summary

Telephone and Data Systems (NYSE: TDS) has announced its fourth quarter 2024 dividend payments. The company will pay $0.04 per Common Share and Series A Common Share, $414.0625 per Series UU Preferred share ($0.4140625 per depositary share), and $375.0000 per Series VV Preferred share ($0.3750000 per depositary share). All dividends are payable on December 31, 2024, to shareholders of record as of December 16, 2024.

Positive

• Consistent dividend payment maintained across all share classes

Negative

• None.

Insights

Financial Analyst

The dividend announcement reveals TDS's commitment to shareholder returns, though at relatively modest levels. The $0.04 quarterly dividend per common share represents a conservative payout, reflecting the company's cautious capital allocation strategy in the competitive telecommunications sector. The preferred share dividends of $0.4140625 for Series UU and $0.3750000 for Series VV provide stable income for preferred shareholders, with yields that could be attractive in the current interest rate environment.

The maintenance of dividend payments signals financial stability but also suggests growth potential, as the company balances shareholder returns with necessary investments in infrastructure and technology. This dividend structure demonstrates a multi-tiered approach to capital distribution, prioritizing preferred shareholders while maintaining a modest common dividend policy.

CHICAGO, Nov. 26, 2024 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS), a leading provider of telecommunications services, has declared fourth 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 $0.04 per Common Share and Series A Common Share payable on December 31, 2024, to holders of record on December 16, 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 December 31, 2024, to holders of record on December 16, 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 December 31, 2024, to holders of record on December 16, 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) provides wireless, broadband, video and voice to approximately 6 million connections nationwide through its businesses, UScellular and TDS Telecom. Founded in 1969 and headquartered in Chicago, TDS employed approximately 8,000 associates as of September 30, 2024.

Visit investors.tdsinc.com for comprehensive financial information, including earnings releases, quarterly and annual filings, shareholder information and more.

For more information about TDS and its subsidiaries, visit:

TDS: www.tdsinc.com
UScellular: www.uscellular.com
TDS Telecom: www.tdstelecom.com

View original content:https://www.prnewswire.com/news-releases/tds-announces-fourth-quarter-2024-dividends-302316679.html

SOURCE Telephone and Data Systems, Inc.

FAQ

What is TDS's dividend payment for Q4 2024?

TDS will pay $0.04 per Common Share and Series A Common Share for Q4 2024.

When will TDS pay its Q4 2024 dividends?

TDS will pay its Q4 2024 dividends on December 31, 2024, to shareholders of record as of December 16, 2024.

What is the dividend amount for TDS Series UU Preferred shares in Q4 2024?

TDS will pay $414.0625 per Series UU Preferred share ($0.4140625 per depositary share) for Q4 2024.

What is the dividend amount for TDS Series VV Preferred shares in Q4 2024?

TDS will pay $375.0000 per Series VV Preferred share ($0.3750000 per depositary share) for Q4 2024.