“Telephone & Data Systems’ Series VV Preferred Stock Achieves Yield Exceeding 8.5%”

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Strong Yield Offers Opportunity in Telephone & Data Systems Preferred Stock

In trading on Friday, shares of Telephone & Data Systems Inc’s 6.00% Dep Shares Series VV Cumulative Preferred Stock (Symbol: TDS.PRV) yielded above 8.5%. This yield is based on its quarterly dividend, which annualizes to $1.50. On that day, shares were trading as low as $17.52.

When compared to the average yield of 6.84% in the “Utilities” preferred stock category, TDS.PRV stands out significantly. Furthermore, TDS.PRV was trading at a remarkable 28.92% discount to its liquidation preference amount, in contrast to the average discount of 20.75% found within the “Utilities” category.

The chart below demonstrates the one-year performance of TDS.PRV shares compared to common shares of TDS:

Performance Comparison Chart

The following chart illustrates the dividend history for TDS.PRV, highlighting the historical dividend payments of Telephone & Data Systems Inc’s 6.00% Dep Shares Series VV Cumulative Preferred Stock:

TDS.PRV Dividend History Chart

As of Friday’s trading session, TDS.PRV was down approximately 0.9% while the common shares of Telephone & Data Systems (Symbol: TDS) experienced a decline of about 1.8%.

Also See:
  • NPK Market Cap History
  • GCBC Dividend History
  • EDT Historical Stock Prices

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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