T-Mobile US, Inc. (TMUS) to Issue Quarterly Dividend of $0.88 on March 13th

T-Mobile US, Inc. (NASDAQ:TMUS) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Investors of record on Friday, February 28th will be given a dividend of 0.88 per share by the Wireless communications provider on Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Friday, February 28th.

T-Mobile US has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Research 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

NASDAQ:TMUS opened at $238.28 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The stock has a market capitalization of $276.52 billion, a P/E ratio of 27.17, a PEG ratio of 1.21 and a beta of 0.50. The company has a 50 day moving average price of $219.58 and a 200 day moving average price of $195.16. T-Mobile US has a fifty-two week low of $147.96 and a fifty-two week high of $242.43.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on TMUS. UBS Group raised their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Scotiabank raised their price target on shares of T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $241.83.

Insider Buying and Selling

In related news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US 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 sale, the chief executive officer now directly owns 378,124 shares in the company, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now owns 1,824,632 shares of the company’s stock, valued at $357,627,872. This trade represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 343,456 shares of company stock worth $73,405,131 in the last ninety days. 0.67% of the stock is owned by corporate insiders.

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.