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Array declares special dividend of $23.00 per share following the sale of the UScellular wireless operations
Prnewswireยท 2025-08-01 21:35
Company Overview - Array Digital Infrastructure, Inc., formerly known as United States Cellular Corporation, has declared a special cash dividend of $23.00 per Common Share and Series A Common Share, payable on August 19, 2025, to shareholders of record on August 11, 2025 [1] - The company has recently completed the sale of its wireless operations to T-Mobile and has changed its name to Array Digital Infrastructure, Inc. [4] - Array is a leading owner and operator of shared wireless communications infrastructure in the United States, with over 4,400 cell towers facilitating the deployment of 5G and other wireless technologies [5] Dividend Details - The special dividend represents more than 25% of the current stock price, leading the NYSE to implement "due bills" for shares traded until the payment date [2] - The ex-dividend date is set for August 20, 2025, meaning stockholders who sell their shares on or before the payment date will not receive the special dividend [2] - Due bills are settled between brokers, and Array has no obligations regarding the amount or processing of the due bill [3] Ownership Structure - Array is approximately 81% owned by Telephone and Data Systems, Inc. [6]