Dish Rises as Dividend Calms Concerns Over Network Spending
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Dish Network Corp., the second-largest U.S. satellite-TV provider, rose 5 percent after awarding a special dividend that allayed investors’ concerns the company will invest billions in a wireless network.
Dish said today it will pay a non-recurring dividend of $2 a share on Dec. 1. The company last paid a special dividend two years ago. The payment suggests that Dish may not invest in or build a wireless network for mobile content, analysts including Sanford C. Bernstein & Co.’s Craig Moffett said.