TDS announces second quarter 2022 dividends

Rhea-AI Summary

The board of directors of Telephone and Data Systems (TDS) has announced quarterly dividends for Q2 2022. Common and Series A shares will receive a dividend of $0.18 per share, while Series UU Preferred shares will pay $414.0625 per share, and Series VV Preferred shares will pay $375.0000 per share. The payment date is set for June 30, 2022, and the record date is June 15, 2022. TDS serves approximately 6 million connections nationwide through its subsidiaries.

Positive

• Quarterly dividend of $0.18 per Common and Series A shares enhances shareholder income.
• Preferred shares offering substantial dividends shows company confidence in its financial position.

Negative

• None.

CHICAGO, May 20, 2022 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS), a leading provider of telecommunications services, has declared second quarter 2022 dividends on its Common Shares, Series A Common Shares, Series UU Preferred Shares and Series VV Preferred Shares payable on June 30, 2022, to holders of record on June 15, 2022.

• TDS is paying a quarterly dividend of $0.18 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 approximately 8,800 associates as of March 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-second-quarter-2022-dividends-301551865.html

SOURCE Telephone and Data Systems

FAQ

What is the dividend amount for TDS common shares?

The dividend amount for TDS common shares is $0.18 per share.

When is the TDS dividend payment date?

The TDS dividend payment date is June 30, 2022.

What are the specifics of TDS preferred shares dividends?

Series UU Preferred shares will receive $414.0625 per share, and Series VV Preferred shares will receive $375.0000 per share.

Who is eligible for TDS dividends?

Holders of record on June 15, 2022, are eligible for the TDS dividends.