The telecoms giant has announced plans to pay about $4.6 billion in dividend payments in its latest annual report, the first time the company has done so.
Sprint will pay about 6 cents per share on the dividend, compared with about 7 cents for the benchmark Standard & Poor’s 500 index.
The company’s dividend payment for 2019 will be roughly the same as in 2019 for the year prior.
It is the first year in the company’s history that the company paid dividends, and it is expected to continue to do so until 2020.
A Sprint spokesperson told Recode in a statement that the dividend payment is part of a broader dividend program that also includes “expanding our business portfolio, investing in new businesses, and diversifying our portfolio of investments.”
Fisheries, meanwhile, will pay $1.6 per share for 2019, according to the filing.
Farming and fisheries stocks that had fallen more than 20% over the past year, including shrimp, fish, and crab stocks, were hit by a wave of high-profile pollution and fertilizer disasters.
Dividends have helped to sustain the stock market and helped buoy the company through its rocky 2018.