T-Mobile US initiates quarterly dividend of $0.65 per share

On September 25, 2023, T-Mobile US Inc (TMUS) declared its first ever quarterly dividend of $0.65 per share. This dividend was already announced previously and yields 1.9% at a stock price of $140 for TMUS. The total dividend payment is a whopping $3.06 billion. The ex-dividend date for TMUS will be November 30, 2023.

On September 25, 2023, the Board of Directors of T-Mobile US, Inc. declared a cash dividend of $0.65 pershare on its issued and outstanding shares of common stock. The dividend is payable on December 15, 2023 to stockholders of record as ofthe close of business on December 1, 2023.This is the first quarterly cash dividend declared by the Company following the Board approval in early September 2023 of a shareholderreturn program of up to $19.0 billion that will run through December 31, 2024, consisting of share repurchases and cash dividends. Aspreviously communicated, the Company intends to declare and pay approximately $3.0 billion in dividends in 2024, with payments occurringeach quarter during the year. The dividend amount paid per share is expected to grow by around 10% annually. The amount available underthe 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.

T-Mobile US, Inc. (TMUS) is a provider of mobile communications services, including voice, messaging and data, under its flagship brands, T-Mobile and Metro by T-Mobile, in the United States, Puerto Rico and the United States Virgin Islands. The company initiated a quarterly dividend in 2023.