T-Mobile US, Inc. Plans Quarterly Dividend of $0.65 (NASDAQ:TMUS)

T-Mobile US, Inc. (NASDAQ:TMUS) announced a quarterly dividend on Thursday, June 13th, RTT News reports. Shareholders of record on Friday, August 30th will be paid a dividend of 0.65 per share by the Wireless communications provider on Thursday, September 12th. This represents a $2.60 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, August 30th.

T-Mobile US has a payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect T-Mobile US to earn $11.05 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 23.5%.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $201.41 on Thursday. The business has a 50 day simple moving average of $184.70 and a two-hundred day simple moving average of $172.01. T-Mobile US has a 1-year low of $132.40 and a 1-year high of $205.28. The stock has a market capitalization of $236.02 billion, a PE ratio of 27.40, a P/E/G ratio of 0.76 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.86.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the company posted $1.86 EPS. On average, research analysts predict that T-Mobile US will post 9.05 EPS for the current fiscal year.

Insider Activity

In related news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the sale, the insider now owns 122,687 shares in the company, valued at $21,787,984.33. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO Dara Bazzano sold 4,300 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total value of $773,054.00. Following the sale, the chief accounting officer now owns 6,202 shares in the company, valued at $1,114,995.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the sale, the insider now owns 122,687 shares in the company, valued at approximately $21,787,984.33. The disclosure for this sale can be found here. Insiders have sold a total of 2,034,062 shares of company stock worth $363,689,766 over the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TMUS has been the topic of several analyst reports. Citigroup boosted their target price on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, July 19th. The Goldman Sachs Group began coverage on T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective for the company. Benchmark lifted their price objective on T-Mobile US from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 1st. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US has an average rating of “Buy” and an average target price of $198.63.

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.