Does T-Mobile US (TMUS) Pay a Dividend? (2026)
Last updated July 2026
Short answer
Yes. T-Mobile US (TMUS) pays a dividend yielding about 2.24% as of July 2026, paid quarterly, four times a year. The latest payment on record was $1.02 per share, ex-dividend May 29, 2026. The forward annual rate is roughly $4.08 per share, about $224 a year on a $10,000 position before tax. The payout takes about 41% of earnings. Figures are approximate and dated; verify the current number with your broker.
Does T-Mobile US (TMUS) pay a dividend?
Yes. T-Mobile US distributes a dividend yielding roughly 2.24% as of July 2026, paid quarterly, four times a year. The most recent payment on record was $1.02 per share, with an ex-dividend date of May 29, 2026. Annualized, that is about $4.08 per share.
These figures are approximate and tied to the asOf date; verify live numbers before acting. T-Mobile trades at a premium to typical telecom peers because it has been the growth leader, so its valuation depends on continued subscriber and cash-flow momentum rather than pure yield. Guidance points to further EBITDA and free-cash-flow growth, but competitive intensity, capital spending, and integration of recent deals could change the trajectory, so confirm current results and guidance before acting.
TMUS dividend at a glance
| 2026-05-29 | $1.02 |
| 2026-02-27 | $1.02 |
| 2025-11-26 | $1.02 |
| 2025-08-29 | $0.88 |
| 2025-05-30 | $0.88 |
| 2025-02-28 | $0.88 |
TMUS dividend data as of July 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with TMUS's investor relations page before relying on it.
Is the TMUS dividend covered?
T-Mobile US paid out about 41% of its earnings as dividends, so the payout is comfortably covered. That is the range most established dividend payers sit in: enough profit is retained to keep funding the business, with room to raise the dividend if earnings grow.
Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.
How the TMUS dividend has changed
The latest payment of $1.02 per share compares with $0.88 in the equivalent payment a year earlier (May 30, 2025). That is a change of 15.9% over the year.
A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on TMUS's investor relations page.
What TMUS's dividend means for you
- Income: about $224 a year per $10,000 invested, before tax.
- Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
- Total return: for TMUS the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
- Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
- If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.
How TMUS dividends are taxed
Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
The bottom line on the TMUS dividend
T-Mobile US (TMUS) pays about 2.24%, or roughly $4.08 per share a year. At that level the dividend is a modest supplement rather than the reason to own it: the case rests on total return. For the full picture see the TMUS guide. Walnut can show how TMUS fits your real portfolio. It is not an investment adviser.
Investing in T-Mobile US with AI
Connect the broker you already use and ask Walnut's AI how TMUS fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
Does T-Mobile US (TMUS) pay a dividend?
+
Yes. T-Mobile US pays a dividend yielding roughly 2.24% as of July 2026, paid quarterly, four times a year. The most recent payment on record was $1.02 per share with an ex-dividend date of May 29, 2026. That works out to a forward annual rate of about $4.08 per share. Yields move with the share price, so verify the current figure with your broker or TMUS's investor relations page before relying on it.
What is TMUS's dividend yield?
+
About 2.24% as of July 2026. On a $10,000 position that is roughly $224 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so TMUS yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.
How often does TMUS pay its dividend?
+
T-Mobile US pays quarterly, four times a year. The most recent payment on record had an ex-dividend date of May 29, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on TMUS's investor relations page, because boards can change both the amount and the timing.
When is TMUS's ex-dividend date?
+
The ex-dividend date recorded in our July 2026 data pull is August 28, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check TMUS's investor relations page for the next confirmed date.
Has T-Mobile US raised its dividend recently?
+
Yes. The latest payment of $1.02 per share is above the $0.88 paid in the same slot a year earlier, an increase of about 15.9%. One raise is not a policy, though: check the multi-year record on TMUS's investor relations page, since a long streak of increases is what dividend-growth investors actually look for.
Is TMUS's dividend safe?
+
T-Mobile US paid out about 41% of its earnings as dividends, so the payout is comfortably covered. That is the range most established dividend payers sit in: enough profit is retained to keep funding the business, with room to raise the dividend if earnings grow. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.
How much would I earn in dividends from a $10,000 position in TMUS?
+
At a yield of about 2.24%, roughly $224 a year before tax, spread across 4 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.
Are TMUS dividends qualified for tax purposes?
+
Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.
Should I reinvest TMUS dividends?
+
Most brokers offer automatic reinvestment (a DRIP) that puts each TMUS payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.
Does T-Mobile pay a dividend?
+
Yes. T-Mobile initiated a dividend and has been growing it, but the yield is relatively modest, generally below the higher payouts at Verizon and AT&T. The company favors a mix of dividends and share buybacks funded by growing free cash flow. Income-focused investors may find peers more attractive on yield alone; always confirm the current declared dividend and yield before assuming any payout.
Walnut is informational, not investment advice. Dividend figures on this page come from a July 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with TMUS's investor relations page or your broker before acting on them.