Dividend Announcement and Market Updates for Telephone and Data Systems Before Jun 16, 2025

Telephone and Data Systems (TDS) has announced a cash dividend of $0.040 per share, with an ex-dividend date of Jun 16, 2025, and a payment date set for Jun 30, 2025. This dividend is notably lower than the average of the last ten dividends, which stands at approximately $0.140. The dividend announcement came on May 22, 2025, following the company's previous dividend payment of $0.040 on Mar 31, 2025, also categorized as a cash dividend.

Recently, Telephone and Data Systems (NYSE:TDS), a prominent player in telecommunications services, experienced a downturn in its Q1 2025 financial performance, with revenue falling short by 8.6% compared to market expectations. As of late, JPMorgan Chase & Co. adjusted its target price for TDS, lowering it from $56 to $53, while maintaining an "overweight" rating for the company. Furthermore, a significant development involves a proposed class action settlement announced by Levi & Korsinsky, LLP, benefiting purchasers of TDS securities. This settlement, totaling $7,750,000, aims to resolve claims related to securities acquired between May 6 and Nov 3, 2022. If approved, affected shareholders are estimated to receive an average recovery of $0.50 per share for common stock, $0.11 for Series UU preferred stock, and $0.10 for Series VV preferred stock, before deductions for fees and expenses. A hearing on this matter is scheduled for Sept 3, 2025, in Chicago.

In conclusion, the ex-dividend date for TDS is Jun 16, 2025, marking the last opportunity for investors to purchase shares and qualify for the upcoming dividend. Any acquisitions made after this date will not entitle the buyer to the current dividend.