T-Mobile US, Inc. (NASDAQ:TMUS) Declares Quarterly Dividend of $0.88

T-Mobile US, Inc. (NASDAQ:TMUS) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Friday, May 30th will be given a dividend of 0.88 per share by the Wireless communications provider on Sunday, June 22nd. This represents a $3.52 annualized dividend and a dividend yield of 1.42%.

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 $12.05 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 21.6%.

T-Mobile US Stock Up 2.0 %

Shares of TMUS stock traded up $4.74 on Thursday, hitting $247.17. The stock had a trading volume of 3,270,562 shares, compared to its average volume of 3,882,962. T-Mobile US has a 52-week low of $158.84 and a 52-week high of $248.15. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market capitalization of $286.84 billion, a price-to-earnings ratio of 25.56, a P/E/G ratio of 1.38 and a beta of 0.56. The stock’s 50 day moving average is $225.95 and its 200-day moving average is $214.72.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, research analysts expect that T-Mobile US will post 10.18 earnings per share for the current year.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the transaction, the director now directly owns 5,021 shares in the company, valued at $1,241,140.99. This represents a 16.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,100 shares of company stock worth $5,501,978. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Scotiabank increased their price objective on shares of T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Sanford C. Bernstein initiated coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective for the company. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada lifted their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. Finally, Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.79.

About T-Mobile US

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.