2023-09-09 08:31:00 ET
T-Mobile (NASDAQ: TMUS) is finally going to start paying dividends. The wireless company added a cash payment as part of its capital return program. While its payout will pale in comparison to the big-time yields offered by rivals Verizon (NYSE: VZ) and AT&T (NYSE: T) , dividend-focused investors shouldn't dismiss T-Mobile's dividend.
Here's why it could be an attractive option for investors.
T-Mobile recently unveiled its updated capital return program, which runs through the end of next year. It plans to return $19 billion to shareholders. That program includes a plan to pay about $3.75 billion in dividends over the next five quarters. That would leave about $15.25 billion for share repurchases.
For further details see:
Income Alert: Investors Have Another New (and Potentially Brilliant) Dividend Stock to Consider