T-Mobile US
issued a cash dividend of 65 cents a share on its issued and outstanding stock, its first since its board approved a shareholder return program of up to $19 billion.
The cell carrier said the dividend is payable on Dec. 15 to shareholders of record as of the close of business on Dec. 1, according to a regulatory filing.
T-Mobile’s shareholder return program will run through Dec. 31, 2024. The company has previously stated intentions to declare and pay about $3 billion in dividends in 2024.
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