Array Digital Infrastructure Announces Special Cash Dividend

Array Digital Infrastructure, Inc. has declared a special cash dividend of $23.00 per Common Share and Series A Common Share, payable on August 19, 2025, to shareholders of record on August 11, 2025. This dividend is more than 25% of the current stock price, triggering the New York Stock Exchange's "due bills" procedure, which obligates sellers of shares to deliver the special dividend to buyers. The ex-dividend date will be August 20, 2025, and shareholders who sell their shares on or before the payment date will not be entitled to receive the dividend. Array Digital Infrastructure, Inc. is a leading owner and operator of shared wireless communications infrastructure in the United States, with over 4,400 cell towers across the country.

Key Takeaways:

Array Digital Infrastructure, Inc. has declared a special cash dividend of $23.00 per Common Share and Series A Common Share.
The dividend is payable on August 19, 2025, to shareholders of record on August 11, 2025.
The New York Stock Exchange has triggered the "due bills" procedure due to the dividend being more than 25% of the current stock price.
Sellers of shares on or before the payment date will not be entitled to receive the special dividend.
Array Digital Infrastructure, Inc. is a leading owner and operator of shared wireless communications infrastructure in the United States.
The company has over 4,400 cell towers across the country.
Array is an approximately 81% owned subsidiary of Telephone and Data Systems, Inc. (NYSE: TDS).

Statistics:

Special cash dividend: $23.00 per Common Share and Series A Common Share.
Payment date: August 19, 2025.
Record date: August 11, 2025.
Nyse: $0.25 per share threshold triggers due bills procedure
Number of cell towers: over 4,400.
Percentage ownership: approximately 81% owned by Telephone and Data Systems, Inc.

Sources:

PRNewswire, Aug. 1, 2025
Telephone and Data Systems, Inc.