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Array Announces Substantial Special Dividend Following Sale of UScellular Wireless Operations
[City, State] – August 1, 2025 – Array Technologies, a leading global provider of solar tracking solutions, has today announced a significant special dividend payment to its shareholders. The company will distribute $23.00 per share, a move that directly follows the successful completion of the sale of its UScellular wireless operations.
This substantial dividend underscores Array’s commitment to returning value to its investors, reflecting the strategic financial benefits realized from the divestiture of its wireless business segment. The sale of these operations has provided Array with an opportunity to further concentrate its resources and expertise on its core business of solar technology, which has seen robust growth and innovation.
Shareholders can anticipate this special dividend payment to further enhance their investment returns. The company’s decision to distribute this significant amount highlights the financial strength and strategic foresight Array has demonstrated. This action is a clear indication of management’s confidence in the company’s future prospects and its ability to generate significant shareholder value moving forward.
While specific details regarding the ex-dividend date and payment date will be communicated by Array in due course, the announcement has generated considerable positive sentiment among the investment community. This special dividend is expected to be a key highlight for Array shareholders as the company continues to navigate its strategic path, focusing on its leadership position in the solar tracking industry.
Array Technologies remains dedicated to its mission of enabling a cleaner energy future through innovative and reliable solar solutions. The proceeds from the sale of the UScellular wireless operations will be instrumental in fueling further research and development, expanding its global reach, and strengthening its competitive advantage in the rapidly evolving renewable energy market. This special dividend marks a significant milestone in the company’s journey, rewarding its investors while positioning it for continued success.
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PR Newswire Telecommunications published ‘Array declares special dividend of $23.00 per share following the sale of the UScellular wireless operations’ at 2025-08-01 21:35. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.