United States Cellular Corporation (NYSE:USM) Announces Dividend Increase - $23.00 Per Share

Key Points

• United States Cellular Corporation announced a special dividend of $23.00 per share, a significant increase of 39,900% from the previous dividend of $0.06.
• Shareholders of record on August 11th will receive the payment on August 19th, with the ex-dividend date set for August 20th.
• The company's recent earnings report revealed an EPS of $0.36, surpassing estimates, along with revenues of $916 million for the quarter.

United States Cellular Corporation (NYSE:USM - Get Free Report) declared a special dividend on Monday, August 4th. Investors of record on Monday, August 11th will be given a dividend of 23.00 per share by the Wireless communications provider on Tuesday, August 19th. The ex-dividend date of this dividend is Wednesday, August 20th. This is a 39,900.0% increase from United States Cellular's previous special dividend of $0.06.

United States Cellular Stock Performance

The firm has a market capitalization of $6.62 billion, a P/E ratio of -259.59 and a beta of 0.38. United States Cellular has a 1 year low of $51.20 and a 1 year high of $79.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.70. The stock has a fifty day moving average price of $69.51 and a 200-day moving average price of $66.46.

United States Cellular (NYSE:USM - Get Free Report) last released its earnings results on Monday, August 11th. The Wireless communications provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. United States Cellular had a negative net margin of 0.68% and a positive return on equity of 1.68%. The firm had revenue of $916.00 million during the quarter, compared to the consensus estimate of $907.73 million. Equities research analysts forecast that United States Cellular will post 0.57 EPS for the current year.

United States Cellular Company Profile

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.