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Why T-Mobile Rose Today

TheMotleyFool

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Why T-Mobile Rose TodayPhoto, wide shot, wide-angle lens, Cable TV provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/51ec7f0d-2b5e-41f6-baa4-43bf0f5d7e7d.png

Shares of telecom giant T-Mobile US (NASDAQ: TMUS) were on the rise Thursday, appreciating as much as 4.3%, before pulling back to a 3.3% gain as of 1:30 p.m. ET, even on an otherwise difficult day for the S 500 and Nasdaq Composite.

T-Mobile announced yesterday at an industry conference that it would begin paying a dividend, which will start in the fourth quarter.

While investors actually sold off T-Mobile yesterday on some of the details surrounding that choice, it appears they are more enthusiastic today when reflecting on the conference. Moreover, there are certain dividend-based funds that couldn't own T-Mobile before, but now can. So, they may also be buying the stock today.

Source Fool.com

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