T-Mobile's Dividend Debut Boosts Stock, $19 Billion Shareholder Return Announced
Portfolio Pulse from AJ Fabino
T-Mobile Us Inc (NASDAQ:TMUS) announced the initiation of a dividend growth model and a $19 billion shareholder return program, which will run up to 2024. The program includes $3.75 billion per quarter, with about $750 million reserved for dividends. The company also plans to earmark about $3 billion per quarter for stock buybacks. The news boosted T-Mobile's stock during Thursday’s trading session.
September 07, 2023 | 6:18 pm
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POSITIVE IMPACT
T-Mobile's announcement of a dividend growth model and a $19 billion shareholder return program has positively impacted its stock. The program includes dividends and stock buybacks.
The announcement of a dividend growth model and a significant shareholder return program is a positive signal to investors, indicating the company's strong financial position and commitment to shareholder value. This is likely to increase investor confidence and demand for the stock, leading to a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100