Shares of T-Mobile US Inc. fell 1.1% in afternoon trading Wednesday, even after the Washington-based wireless communications company said it approved a $19...
Shares of T-Mobile US Inc.
fell 1.1% in afternoon trading Wednesday, even after the Washington-based wireless communications company said it approved a $19 billion shareholder return program through 2024, that includes both stock buybacks and dividends. The program is in addition to the $14 billion stock repurchase program the company announced in September 2022. The company said it plans to pay its first-ever dividend, of about $750 million, in the fourth quarter, then spend about $3 billion on dividends in 2024.
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