By Stephen Nakrosis
Array Digital Infrastructure said it was declaring a special dividend of $23 per common and Series A share, which will be payable on Aug. 19 to shareholders of record on Aug. 11.
The dividend comes following United States Cellular's divestiture of its wireless operations to T-Mobile. Following the close of the deal, which took place earlier Friday, United States Cellular changed its name to Array Digital Infrastructure.
Because the special dividend is greater than 25% of the company's current stock price, the New York Stock Exchange determined the shares will trade with "due bills," Array said. The due bills represent an assignment of the right to receive the special dividend, Array said, adding shareholders who sell their stock before the payment date won't be entitled to receive a special dividend.
The company's shares closed Friday's regular market at $38.03, losing just over 1% in the session.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 01, 2025 18:04 ET (22:04 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。