Published on 26 May 2024 on Simply Wall St. via Yahoo Finance

T-Mobile US, Inc. (NASDAQ:TMUS) Looks Interesting, And It's About To Pay A Dividend

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that T-Mobile US, Inc. (NASDAQ:TMUS) is about to go ex-dividend in just four days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Meaning, you will need to purchase T-Mobile US' shares before the 31st of May to receive the dividend, which will be paid on the 13th of June.

The company's next dividend payment will be US$0.65 per share. Last year, in total, the company distributed US$2.60 to shareholders. Based on the last year's worth of payments, T-Mobile US has a trailing yield of 1.6% on the current stock price of US$166.00. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether T-Mobile US has been able to grow its dividends, or if the dividend might be cut.