Telephone & Data Systems Inc dividend history

Telephone & Data Systems Inc's dividend was $0.700 a share in fiscal 2021, up 2.9% on the year before. That was 76.3% of net income. It has raised its dividend per share every year since fiscal 2015.

Dividends, buybacks and capital spending

Dividends (TTM): $87.6M
Buybacks, last 3 fiscal years: $114M
Diluted share count: +5.2%; year over year
Total shareholder yield: 2.1%; dividends 2.1% + buybacks 0.0% of market value
Dividend payout ratio: 21%; of net income paid out
Sales & admin spending: 33.7%; of revenue
Days sales outstanding: 18 days; receivables vs revenue

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Telephone & Data Systems Inc: dividends by fiscal year, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Dividend per share	$0.430	$0.450	$0.470	$0.490	$0.510	—	$0.560	$0.590	$0.620	$0.640	$0.660	$0.680	$0.700	—	—	—	—	—
Dividend per share growth	—	+4.7%	+4.4%	+4.3%	+4.1%	—	—	+5.4%	+5.1%	+3.2%	+3.1%	+3.0%	+2.9%	—	—	—	—	—
Dividends paid	47	47	49	53	55	—	61	65	69	72	75	78	119	151	153	104	88	88
Share buybacks	179	68	22	20	10	39	0	3	0	0	0	14	8	40	6	0	108	—
Dividends ÷ net income	24.5%	32.6%	24.2%	64.9%	38.9%	—	27.9%	151.2%	45.1%	53.3%	62.0%	34.5%	76.3%	243.5%	—	—	—	21.0%
Dividends ÷ free cash flow	10.6%	14.0%	17.1%	48.4%	—	—	—	44.5%	75.8%	29.9%	127.1%	40.2%	—	—	30.6%	13.4%	44.0%	—

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

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Figures from Telephone & Data Systems Inc's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Telephone & Data Systems Inc.