Telephone and Data Systems is set to generate $2.2 billion from pending sales of its spectrum assets through 2026. This should support a $500 million share buyback program and further bolster a balance sheet that had net cash of $105 million at the end of its recent third quarter. The Series UU preferreds offer a current yield of 7.76% and are trading at a 15% discount to their liquidation value. These should recover if long-term Treasury rates dip.
Telephone and Data Systems' tickers TDS-U (TDS.PR.U) and TDS-V (TDS.PR.V) have, by far, the highest “qualified dividend” yield of any preferred stock in the market from an investment grade company. TDS carries a huge amount of cash on its balance sheet, many times more than its debt, so the preferred stocks are ultra safe. For U.S. investors, the TDS preferred's high “qualified dividends” generate a very high after-tax yield comparable to a 10.2% bond for those in the higher tax brackets.
Telephone and Data Systems preferred stock offers a 7.9% yield, now safer after major debt reduction and asset sales. TDS's balance sheet has strengthened, with net debt dropping from $6.6 billion to $2.2 billion, supporting dividend safety and share repurchases. Interest rate cuts by the Fed create a favorable environment for TDS preferred shares, though inflation remains a risk to watch.
TDS' Q3 earnings beat forecasts as fiber expansion and tower rental growth offset revenue declines from divestitures.
The headline numbers for TDS (TDS) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Telephone and Data Systems, Inc. ( TDS ) Q3 2025 Earnings Call November 7, 2025 10:00 AM EST Company Participants John Toomey - VP of Corporate Relations & Treasurer Walter C.D. Carlson - Chairman, President & CEO Vicki Villacrez - Executive VP, CFO & Director Kenneth Dixon - President, CEO & Director Kristina Bothfeld - VP of Finance & CFO Douglas Chambers - Interim CEO, Interim President & Director Conference Call Participants Ric Prentiss - Raymond James & Associates, Inc., Research Division Vikash Harlalka - New Street Research LLP Eric Luebchow - Wells Fargo Securities, LLC, Research Division Sergey Dluzhevskiy - GAMCO Investors, Inc. Presentation Operator Hello, and welcome to the TDS and Array Third Quarter 2025 Operating Results Conference Call.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Telephone and Data Systems, Inc. (NYSE:TDS ) Citi's 2025 Global Technology, Media and Telecommunications Conference September 4, 2025 7:30 AM EDT Company Participants Douglas Chambers - Interim CEO, Interim President & Director Kristina Bothfeld - VP of Finance & CFO Conference Call Participants Mark Schilsky - Citi Presentation Mark Schilsky Hi, everyone. Good morning.
Telephone and Data Systems posts narrower loss as lower operating expenses, higher broadband connections and tower business growth help counter revenue declines in the second quarter.
Although the revenue and EPS for TDS (TDS) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Telephone & Data Systems (TDS) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to a loss of $0.13 per share a year ago.
Telephone and Data Systems, Inc. (NYSE:TDS ) Q2 2025 Earnings Conference Call August 11, 2025 10:00 AM ET Company Participants Colleen Thompson - Former Vice President of Corporate Relations Telephone and Data Systems, Inc. Douglas W. Chambers - Interim CEO, Interim President & Director United States Cellular Corporation Kristina Bothfeld - VP of Finance & CFO TDS Vicki L.