Telephone and Data Systems

TDS

Market cap $5.17B

Silver Point Capital sold 857,000 shares of TDS in the fourth quarter. The quarter-end position value decreased by $33.63 million, reflecting the liquidation of the position.

TDS tops Q4 estimates as revenues climb to $330.7M on Array strength, while earnings surge and cash flow improves in 2025.

CHICAGO, Feb. 20, 2026 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS) has declared first quarter 2026 dividends on its Common Shares, Series A Common Shares, Series UU Preferred Shares and Series VV Preferred Shares. TDS is paying a quarterly dividend of $0.04 per Common Share and Series A Common Share payable on March 31, 2026, to holders of record on March 16, 2026.

TDS Telecom increases its long-term marketable fiber service goal to 2.1 million addresses TDS Telecom and Array provide 2026 guidance CHICAGO, Feb. 20, 2026 /PRNewswire/ -- As previously announced, TDS will hold a teleconference on February 20, 2026, at 9:00 a.m. CST. Listen to the call live via the Events & Presentations page of investors.tdsinc.com.

Looking beyond Wall Street's top-and-bottom-line estimate forecasts for TDS (TDS), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2025.

CHICAGO, Feb. 13, 2026 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) and Array Digital Infrastructure, Inc.SM (NYSE: AD) will webcast their fourth quarter operating results conference call on February 20, 2026, at 9:00 a.m. Central Time.

Telecom and Data Systems is now a focused fiber and tower platform post-US Cellular sale, with a clean balance sheet and disciplined capital allocation. TDS Telecom is accelerating fiber builds in underserved Tier-2/3 markets and leveraging FCC E-ACAM subsidies to convert rural copper to high-penetration fiber. Array Digital is transforming into a standalone tower business, with tenancy and margin expansion, and $1.8B in special dividends imminent from spectrum monetization.

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.

Connecticut-based Silver Point Capital sold 1.3 million shares of Telephone and Data Systems in the third quarter. The value of the stake at the end of the quarter was $43.9 million.