T-Mobile announces $19 billion shareholder return program, including first-ever dividend payment


https://finance.yahoo.com/news/1-t-mobile-us-announces-181907396.html

U.S. wireless carrier T-Mobile US said on Wednesday it has authorized a shareholder return program of up to $19 billion that will run through December 31, 2024. The company intends to declare and pay its first dividend of approximately $750 million in Q4 2023, as part of the return program. It will pay around $3 billion in additional dividends in 2024, with payments occurring each quarter during the year, along with share repurchases.

T-Mobile added the dividend amount paid per share is expected to grow by around 10% annually. The shareholder return program is in addition to the company's previously announced $14 billion share repurchase program the Board authorized in September 2022.


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