T-Mobile (TMUS) Declares $0.65 Quarterly Dividend; 1.9% Yield

September 25, 2023 4:21 PM EDT

T-Mobile (NASDAQ: TMUS) declared a quarterly dividend of $0.65 per share, or $2.6 annualized.

The dividend will be payable on December 15, 2023, to stockholders of record on December 1, 2023, with an ex-dividend date of November 30, 2023.

The annual yield on the dividend is 1.9 percent.

  • This is the first quarterly cash dividend declared by the Company following the Board approval in early September 2023 of a shareholder return program of up to $19.0 billion that will run through December 31, 2024, consisting of share repurchases and cash dividends. As previously communicated, the Company intends to declare and pay approximately $3.0 billion in dividends in 2024, with payments occurring each quarter during the year. The dividend amount paid per share is expected to grow by around 10% annually. The amount available under the shareholder return program for share repurchases will be reduced by the amount of cash dividends declared and paid by the Company, including the December 2023 dividend.

For a dividend history and other dividend-related data on T-Mobile (TMUS) click here.

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