TMUS - T-Mobile's Dividend Debut Boosts Stock $19 Billion Shareholder Return Announced | Benzinga
Shares of telecom titan T-Mobile Us Inc (NASDAQ: TMUS) are trading higher during Thursday’s trading session after the company announced the initiation of a dividend growth model.
This also came on the heels of the company's recent announcement of a $19 billion shareholder return program.
The program is in line with the expiration of the initial $14 billion program and will run up to $19 billion through 2024, equating to $3.75 billion per quarter, according to a Morgan Stanley note issued to investors on Thursday. Reserved for dividends is about $750 million of the quarterly return with T-Mobile aiming to start the dividends by the end of 2023.
The annual initial payout is $3 billion, with ambitions to grow it by around 10% each year.
While dividends will form a ...