Array Digital Infrastructure Declares Special Dividend of $23 per Share

Dow Jones08-02

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.

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