Telephone and Data Systems, Inc. Common Shares (TDS)
34.88
+0.44 (1.28%)
Telephone and Data Systems, Inc. is a diversified telecommunications company that provides a range of services including wireless, broadband, and traditional telephone services
The company operates through multiple subsidiaries, with a strong focus on delivering reliable connectivity to residential and business customers. TDS is also involved in the management of network infrastructure and offers advanced communication solutions, aiming to enhance customer experiences through innovative technologies and dedicated service. With a commitment to community engagement, the company seeks to empower local economies by improving access to essential communication services.
TDS, which operates through its businesses UScellular and TDS Telecom, reported fourth-quarter revenue decline of 5.6% to $1.240 billion, missing the analyst consensus.
3M Company cut its dividend because of legal settlements, the divestment of the Healthcare segment into an independent company, Solventum, and the need to maintain financial flexibility. It is the third Dividend King to do so in 2024.
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Telephone and Data Systems cut its dividend because of a need to grow its fiber business, too much leverage, and changing strategic priorities. It is one of three Dividend Kings to do so thus far in 2024.
TDS announced definitive deal to sell OneNeck IT Solutions and Data Center Holdings to US Signal. Expected to close in Q3 2024, provides additional capital for TDS Telecom's fiber program.
