Array Announces Special Dividend of $23.00 per Share Following UScellular Wireless Operations Sale.

Array Digital Infrastructure has declared a special cash dividend of $23.00 per share following the sale of its UScellular wireless operations. The dividend is payable on August 19, 2025, to shareholders of record on August 11, 2025. The NYSE has determined that the shares will trade with "due bills" representing an assignment of the right to receive the special dividend up to the payment date.

Array Digital Infrastructure, Inc. (NYSE: USM), formerly United States Cellular Corporation, has announced a significant financial event. The company has declared a special cash dividend of $23.00 per share, payable on August 19, 2025, to shareholders of record on August 11, 2025 [1].

This special dividend is a result of the company's recent sale of its wireless operations to T-Mobile. The NYSE has determined that the shares will trade with "due bills" representing an assignment of the right to receive the special dividend up to the payment date [1]. The ex-dividend date is set for August 20, 2025.

The company's move to declare this special dividend follows the closure of the sale of its wireless operations to T-Mobile for $4.3 billion, with $2.6 billion paid in cash and $1.7 billion in assumed debt. This transaction has positioned Array as a leading wireless infrastructure operator, with over 4,400 cell towers nationwide [2].

The sale of its wireless operations has allowed Array to focus on its core business of providing shared wireless communications infrastructure. The company now owns and operates over 4,400 cell towers, enabling the deployment of 5G and other wireless technologies throughout the country.

Array Digital Infrastructure is an 81% owned subsidiary of Telephone and Data Systems, Inc. (NYSE: TDS), a company that provides wireless infrastructure and broadband services through its businesses including Array and TDS Telecom [1].

The company expects to hold its 2025 annual meeting of shareholders on Thursday, October 9, 2025.

Shareholders are urged to consult their tax advisor for tax treatment, as the special dividend's size exceeds 25% of the current stock price [1].

References:

[1] https://www.prnewswire.com/news-releases/array-declares-special-dividend-of-23-00-per-share-following-the-sale-of-the-uscellular-wireless-operations-302519995.html
[2] https://www.stocktitan.net/news/TDS/array-declares-special-dividend-of-23-00-per-share-following-the-hzz6vrrbk3p8.html