Array Digital declares special cash dividend of $10.25 per share

Array Digital (AD) announced the successful closing of the previously announced agreement with AT&T (T) to sell a portion of the company’s retained spectrum licenses for total consideration of $1.018B. Following the close of the AT&T transaction, the Array Board of Directors has declared a special cash dividend of $10.25 per Common Share and Series A Common Share. The special dividend is payable on February 2 to shareholders of record on January 23.