Telephone & Data Systems Preferred Stock Shares Cross 8% Yield Mark

In trading on Friday, shares of Telephone & Data Systems Inc's 6.625% Dep Shares Ser UU Cumulative Prfd Stock (Symbol: TDS.PRU) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.6562), with shares changing hands as low as $20.42 on the day. This compares to an average yield of 6.65% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, TDS.PRU was trading at a 16.48% discount to its liquidation preference amount, versus the average discount of 17.25% in the "Utilities" category.

Below is a dividend history chart for TDS.PRU, showing historical dividend payments on Telephone & Data Systems Inc's 6.625% Dep Shares Ser UU Cumulative Prfd Stock:

In Friday trading, Telephone & Data Systems Inc's 6.625% Dep Shares Ser UU Cumulative Prfd Stock (Symbol: TDS.PRU) is currently off about 0.9% on the day, while the common shares (Symbol: TDS) are off about 1%.

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