TDS announces second quarter 2021 dividends

Rhea-AI Summary

On May 21, 2021, Telephone and Data Systems (TDS) announced its second quarter 2021 dividends, declaring a quarterly dividend of $0.175 per Common and Series A Common Share, payable on June 30, 2021, to shareholders on record as of June 15, 2021. Additionally, TDS will pay $552.0833 per share on its 6.625% Series UU Preferred Shares, equating to $0.5520833 per depositary share. TDS connects approximately 6 million users through its subsidiaries, including UScellular and TDS Telecom.

Positive

• Quarterly dividend of $0.175 per Common Share and Series A Common Share.
• Strong dividend yield reflects company confidence in financial stability.
• Continued payment of preferred shares at $552.0833 indicates solid cash flow.

Negative

• None.

CHICAGO, May 21, 2021 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS), a leading provider of telecommunications services, has declared second quarter 2021 dividends on its Common Shares, Series A Common Shares and Series UU Preferred Shares, payable on June 30, 2021 to holders of record on June 15, 2021. 

• TDS is paying a quarterly dividend of $0.175 per Common Share and Series A Common Share.
• TDS is paying a quarterly dividend of $552.0833 per share on the company's 6.625% Series UU Preferred shares; holders of depositary shares will receive $0.5520833 per depositary share.

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

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 approximately 9,100 associates as of March 31, 2021.

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:http://www.prnewswire.com/news-releases/tds-announces-second-quarter-2021-dividends-301296609.html

SOURCE Telephone and Data Systems, Inc.

FAQ

What is the TDS dividend amount for Q2 2021?

TDS has declared a dividend of $0.175 per Common and Series A Common Share for Q2 2021.

When will the TDS dividend be paid?

The TDS dividend will be paid on June 30, 2021.

Who qualifies for the TDS dividend?

Shareholders on record as of June 15, 2021, will qualify for the TDS dividend.

What is the dividend for TDS Series UU Preferred Shares?

TDS will pay $552.0833 per share on its 6.625% Series UU Preferred Shares.