Telephone and Data Systems is phoning home another shareholder payout. The company has declared a dividend for its Q2, which will be $0.1275 per share of its common stock, paid on June 28 to shareholders of record as of June 14. That amount matches the firm's previous distribution that was disbursed at the end of March. Prior to that, the firm paid $0.1225 per share.
The firm is relatively new to the habit of shareholder disbursements; it has handed out a dividend only since March 2012.
The Q2 dividend annualizes to $0.51 per share. That yields 2.1% at TDS' most recent closing stock price of $23.94.
The article TDS Declares Dividend for Its Q2 originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Telephone and Data Systems. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.