Does T-Mobile's New Dividend Make the Stock a Buy?
T-Mobile (NASDAQ: TMUS) will join its big telecom peers in paying a dividend to shareholders starting next quarter.
On Wednesday, the wireless carrier announced its new shareholder cash return program, authorizing management to return up to $19 billion to shareholders by the end of 2024. That's on top of the $14 billion it authorized last year, of which $2.2 billion remained as of the end of the second quarter. Unlike its previous authorization, this one includes a dividend, which will total approximately $3.75 billion over the next five quarters.
Now that T-Mobile is paying shareholders every quarter, with plans to raise the payment annually, should you add the stock to your portfolio?
Source Fool.com
