Telephone and Data Systems Preferreds: Tax-Advantaged Yield, Discount To Redemption Value, And Rate Optionality
2026-03-11 06:26:46 ET
Analysis
Telephone and Data Systems, Inc. preferred issues, Telephone and Data Systems, Inc. 6% DEP PFD SR VV ( TDS.PR.V ), and Telephone and Data Systems, Inc. DEP SR UU PE PFD ( TDS.PR.U ) are currently trading at a dividend yield of approximately 7.4%. The company has two series of preferred shares outstanding, Series VV and Series UU. I’ll primarily focus on the Series — TDS.PR.V preferred issue; however, both the UU & VV series are largely in parity with each other in terms of risk profile, structure, and dividend yields. TDS.PR.V currently trades at around $20, which is at a meaningful discount from the redemption price of $25 . The preferred dividends are cumulative in nature....
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Telephone and Data Systems Preferreds: Tax-Advantaged Yield, Discount To Redemption Value, And Rate Optionality
NASDAQ: TDS
TDS Trading
-1.73% G/L:
$43.95 Last:
106,292 Volume:
$43.94 Open:
