T-Mobile US, Inc. (NASDAQ:TMUS) Plans $1.02 Quarterly Dividend

T-Mobile US, Inc. (NASDAQ:TMUS) declared a quarterly dividend on Monday, June 15th. Investors of record on Friday, August 28th will be paid a dividend of 1.02 per share by the Wireless communications provider on Thursday, September 10th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th.

T-Mobile US has a payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect T-Mobile US to earn $13.15 per share next year, which means the company should continue to be able to cover its $4.08 annual dividend with an expected future payout ratio of 31.0%.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $188.86 on Tuesday. The firm has a market cap of $204.38 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 1.10 and a beta of 0.31. The company’s 50 day moving average is $190.75 and its 200 day moving average is $199.51. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. T-Mobile US has a 52-week low of $174.02 and a 52-week high of $261.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. The company had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. T-Mobile US’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company posted $2.58 earnings per share. On average, sell-side analysts anticipate that T-Mobile US will post 10.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TMUS. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a report on Wednesday, April 22nd. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Royal Bank Of Canada lowered their target price on shares of T-Mobile US from $255.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Daiwa Securities Group upgraded shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price for the company in a research note on Thursday, February 19th. Finally, Barclays restated a “buy” rating on shares of T-Mobile US in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $260.48.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.