#UScellular #T-Mobile #Array Digital

Array Digital Infrastructure Declares Special Dividend Following Sale of Wireless Operations

On August 1, 2025, Array Digital Infrastructure, Inc. (NYSE: USM), formerly known as United States Cellular Corporation, made a significant announcement regarding a special cash dividend. The company declared a special dividend of $23.00 per Common Share and Series A Common Share. This dividend is set to be paid on August 19, 2025, to shareholders who are on record as of August 11, 2025.

The declaration of this dividend is especially notable because it exceeds 25% of the company's current stock price. As a result, the New York Stock Exchange (NYSE) has designated that the shares will trade with due bills until the payment date. This means that investors looking to receive the special cash dividend must hold their shares through and including the payment date.

Important Deadlines

The ex-dividend date for the stock will be August 20, 2025, which is the first business day after the payment date. It's essential for stockholders to understand that anyone selling their shares on or before the payment date will not be entitled to receive the special dividend. Due bills serve as a method of ensuring that sellers are obligated to deliver the dividend to buyers of the shares. This structure emphasizes the importance of holding onto the shares during this critical period to receive the payout.