T-Mobile US, Inc. (NASDAQ:TMUS) Increases Dividend to $0.88 Per Share

T-Mobile US, Inc. (NASDAQ:TMUS) declared a quarterly dividend on Wednesday, September 18th,Zacks Dividends reports. Stockholders of record on Wednesday, November 27th will be given a dividend of 0.88 per share by the Wireless communications provider on Thursday, December 12th. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65.

T-Mobile US has a payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect T-Mobile US to earn $10.30 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 25.2%.

T-Mobile US Stock Performance

TMUS opened at $238.28 on Monday. T-Mobile US has a 1-year low of $147.96 and a 1-year high of $242.43. The company has a market capitalization of $276.52 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 1.22 and a beta of 0.50. The business has a 50 day moving average price of $219.58 and a two-hundred day moving average price of $195.39. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter last year, the business posted $1.82 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Research analysts predict that T-Mobile US will post 9.38 EPS for the current fiscal year.

Analyst Ratings Changes

TMUS has been the topic of a number of research reports. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Morgan Stanley upped their price target on T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Citigroup raised their price objective on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. The Goldman Sachs Group upped their target price on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, KeyCorp lifted their price target on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $241.83.

Insider Transactions at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now owns 378,124 shares in the company, valued at $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the sale, the director now directly owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. This trade represents a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 340,750 shares of company stock valued at $72,863,634. 0.67% of the stock is owned by insiders.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.