T-Mobile US, Inc. (NASDAQ: TMUS) has announced that the quarterly dividend on its 5.50% Mandatory Convertible Preferred Stock (“Preferred Stock”) will be paid on December 15, 2017 to holders of record as of December 1, 2017, the company said.
The dividend will be paid at a rate of USD 0.6875 per share of Preferred Stock.
In addition to the payment of the quarterly dividend, unless converted earlier, on December 15, 2017 all outstanding shares of Preferred Stock shall automatically convert into common stock of T-Mobile in accordance with the terms governing the Preferred Stock, at an expected conversion rate of 1.6119 shares of common stock per share of Preferred Stock based on the current price of T-Mobile´s common stock.
As America´s Un-carrier, T-Mobile US, Inc. is redefining the way consumers and businesses buy wireless services through product and service innovation. The company´s advanced nationwide 4G LTE network delivers outstanding wireless experiences to 70.7 million customers who are unwilling to compromise on quality and value. Based in Bellevue, Washington, T-Mobile US provides services through its subsidiaries and operates its flagship brands, T-Mobile and MetroPCS. For more information, visit http://www.t-mobile.com.