T-Mobile US Intends To Declare And Pay Its First Dividend Of ~$750M In Q4 2023 And Then To Pay ~$3B In Total Additional Dividends In 2024, The Dividend Amount Paid Per Share Is Expected To Grow By Around 10% Annually.
Portfolio Pulse from Happy Mohamed
T-Mobile US plans to declare and pay its first dividend of approximately $750M in Q4 2023, followed by an additional $3B in dividends in 2024. The dividend amount paid per share is expected to grow by around 10% annually, according to an SEC filing.
September 06, 2023 | 5:36 pm
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T-Mobile US's announcement of its first dividend payment and its plan to increase the dividend amount by 10% annually could attract income-focused investors, potentially leading to a short-term increase in the stock price.
Dividends are a major factor for income-focused investors. T-Mobile's announcement of its first dividend and its plan for a 10% annual increase could make the stock more attractive to these investors, potentially leading to increased demand and a short-term increase in the stock price.
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