1702 ET - Will T-Mobile shower shareholders with buybacks and dividends or ask them to await longer-term returns? Yes. Executives spelled out a three-year plan to pay out $50 billion through dividends and stock buybacks while setting aside about $20 billion for what-have-you -- the company calls this "flexibility" for investments in existing businesses, M&A, debt pay-downs or extra stockholder returns. BNP Paribas says that latter flex-fund might trouble shareholders wary of more investments in fiber-optic broadband, though "the long-term investment case looks very much intact." T-Mobile shares end 3% lower at $196.68 after hitting record highs. (andrew.fitzgerald@wsj.com; @drewfitzgerald)
(END) Dow Jones Newswires
September 18, 2024 17:02 ET (21:02 GMT)
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