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The company intends to declare and pay its first dividend of approximately $750 million in Q4 2023, as part of the return program.
It will pay around $3 billion in additional dividends in 2024, with payments occurring each quarter during the year, along with share repurchases.
T-Mobile added the dividend amount paid per share is expected to grow by around 10% annually.
The shareholder return program is in addition to the company’s previously announced $14 billion share repurchase program the Board authorized in September 2022.
