What is the payout ratio for each class of shares (Common, Series A, Series UU Preferred, Series VV Preferred)?
The press release you referenced announces the third‑quarter 2025 dividends for Telephone and Data Systems, Inc. (TDS) but it does not include the payout ratios for any of the share classes (Common, Series A Common, Series UU Preferred, or Series VV Preferred).
Why the payout ratio can’t be determined from the excerpt
| Required Information | Present in the Release? | Comments |
|---|---|---|
| Dividend per share (amount declared) | Yes – the release states the dividend amount for each class. | Needed as the numerator of the payout‑ratio calculation. |
| Net income (or earnings) attributable to each class for the quarter (or annualized) | No – the release does not disclose earnings or net income figures. | Needed as the denominator of the payout‑ratio calculation. |
| Shares outstanding (or weighted‑average shares) for each class | No – the release does not provide share counts. | Required if you want a per‑share payout‑ratio expressed as a percentage of earnings per share. |
The payout ratio is typically calculated as:
[
\text{Payout Ratio} = \frac{\text{Dividends per Share (or total dividends)}}{\text{Earnings per Share (or total earnings)}}
]
Because the earnings numbers (or EPS) for the relevant period are not supplied in the news snippet, we cannot compute the ratio for any of the share classes.
How to Obtain the Payout Ratios
Review TDS’s Quarterly Earnings Release
- The company’s Form 10‑Q (or earnings press release) for the quarter ending June 30, 2025 will contain net income (or earnings attributable to each share class) and the weighted‑average shares outstanding.
Calculate per‑share figures
- Dividends per share: Use the dividend amounts announced in the PRNewswire release.
- Earnings per share (EPS): Take the net income attributable to each class divided by its weighted‑average shares outstanding (provided in the 10‑Q).
- Dividends per share: Use the dividend amounts announced in the PRNewswire release.
Compute the ratio
[
\text{Payout Ratio}{\text{class}} = \frac{\text{Dividend per share}{\text{class}}}{\text{EPS}_{\text{class}}} \times 100\%
]Alternatively, use total‑amount figures
- If you prefer a company‑wide ratio, you can sum total dividends paid to a class and divide by total earnings attributable to that class.
Quick Reference – What You Already Have
| Share Class | Dividend Declared (per share) |
|---|---|
| Common | [amount stated in the release] |
| Series A Common | [amount stated in the release] |
| Series UU Preferred | [amount stated in the release] |
| Series VV Preferred | [amount stated in the release] |
(Replace the placeholders with the exact dollar amounts from the full PRNewswire announcement.)
Bottom Line
- The payout ratios cannot be derived from the information provided in the news excerpt alone.
- To calculate them, you will need the corresponding earnings figures (net income or EPS) for each share class, which are typically found in TDS’s quarterly filing (Form 10‑Q) or earnings press release. Once you have those numbers, apply the formula above to obtain the payout ratio for each class.