Exchange-traded note

Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 (UZE)

Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 trades as UZE on NYSE. This page collects what it has actually paid — every recorded payment, the calendar-year totals, the forward and trailing 12-month yields side by side against the last price, and the dates already declared.

$16.98 $0.21 (+1.28%)
52-week range $15.90 – $19.67
Exchange-traded note NYSECommunication ServicesTelecommunications Services

Price as of Aug 25, 2026 (5 hours ago) · supplied by fmp. Quotes may be delayed. Verify with your broker before acting on anything here.

Forward yield 8.10% Last regular payment annualised, divided by the last price. An estimate of the next twelve months — not money that has been paid.
Trailing 12-month yield 8.10% Cash actually paid per share over the last 365 days ($1.38) divided by the last price. Backward-looking, and not comparable with a bond's yield to maturity or an index yield.
Forward annual payment $1.38 Forward estimate: the last regular payment multiplied by the number of payments a year. It is an estimate of the next twelve months, not cash that has been paid.
Pays Quarterly Cadence of the regular payment, accepted only after three consecutive payments were reported at the same frequency.
Next ex-date Aug 31, 2026 First day the security trades without the next payment attached.
Next pay date Sep 01, 2026 When the declared payment reaches holders.
Growth streak 1 yr 1 consecutive complete years in which the highest regular payment was above the year before. Our stored payment history for this security begins in 2021. The run ends inside that history, so it is measured rather than a floor.
Years paying 5 Complete calendar years with a payment in our stored history, which begins in 2021. The issuer may have paid for longer than we hold.
Payout ratio Not meaningful for this structure — a coupon or required distribution is not a share of GAAP earnings.
Income score 51 0-100 research screen, not a recommendation.

The two yields above are different measurements and are not interchangeable. The forward yield annualises the last regular payment; the trailing 12-month yield counts the cash actually paid over the last 365 days. Neither is an interest rate, a bond's yield to maturity or an index effective yield, and none of those may be compared with these as like for like. See how we compute these numbers.

Our stored payment history for UZE begins in 2021. The run of increases above ends inside that history rather than at its edge, so the figure is measured within what we hold and is not a floor. A streak is counted on the split-adjusted payment, so a share split does not read as a cut.

A yield is just a payment divided by a price, so it moves every day even when the payment does not. The forward number is an estimate of the next twelve months; the trailing number is what was actually paid over the last twelve. Ex-date is the cut-off: own the shares before it and the next payment is yours, buy on or after it and the seller keeps it.

UZE is debt, not equity. It is listed on this site as an exchange-traded note: a small-denomination piece of corporate borrowing, usually issued at a $25 face value and commonly called a baby bond, that trades on a stock exchange in the same way a share does. Holding it makes you a lender to the issuer, not an owner of it. It is deliberately kept out of the common-stock universe on this site and is never counted in it.

What it pays is contractual interest at a fixed coupon rate on the face value, not a dividend the board decides each period. That interest ranks ahead of every class of shares — the issuer cannot pay the preferred or the common until it has paid this — but it ranks behind bank lenders and secured debt, and these issues are usually unsecured. The coupon does not grow with the business. Most carry a call date, after which the issuer may redeem at par, and a stated maturity at which the principal is due, so the price tends to sit near par and a yield computed from the payment and the price is not the yield to maturity a holder would actually earn. Interest is taxed as ordinary income, not as qualified dividends. Read how corporate bonds work and what a call feature does.

Figures on this page are computed by Income Investing from the payment history and last price stored in our own database; the payment records come from fmp and the price from fmp, last recomputed Aug 25, 2026. They describe what has been paid, not what will be paid. Yield, payout ratio, our data sources and our methodology are explained elsewhere on the site.

Payment history

Each row is one payment as recorded by our data provider, newest first. The final column compares it with the nearest payment about a year earlier.

The table lists the 23 most recent recorded interest payments for UZE, newest first, with ex-dates running from Feb 25, 2021 to Aug 31, 2026. The latest is $0.3438 per share in USD, ex-date Aug 31, 2026, pay date Sep 01, 2026. Measured against the nearest payment about a year earlier, 4 are higher, 6 lower and 9 unchanged; the remaining 4 have no comparable payment in the record. None is flagged as a special or one-off payment. Payment records supplied by fmp.

How to read this table: one row is one payment, newest at the top, and the amount is what a single share received on that one date. It is not an annual figure — the yearly ones are in the tiles above and in the totals further down. A row marked Special is a one-off the issuer chose to make rather than part of the regular schedule, which is why it is left out of the year-on-year comparison and out of those yearly totals. Whether the amount repeats for several rows or moves every time is a fact about the structure rather than a sign of health: a company usually resets its dividend once a year, while a fund's distribution can change with every payment.

Recorded payments for UZE. Amounts are per share as declared, in USD.
Ex-dateOwn it before this day and this payment is yours. Pay date Amount per shareWhat one share received on that date, before tax. Cadence tagged by provider Type vs. a year earlier
Aug 31, 2026 Sep 01, 2026 $0.3438 Quarterly Regular +0.01%
May 29, 2026 Jun 01, 2026 $0.3438 Quarterly Regular 0.00%
Feb 27, 2026 Mar 02, 2026 $0.3438 Quarterly Regular -0.01%
Nov 28, 2025 Dec 01, 2025 $0.3438 Quarterly Regular 0.00%
Aug 29, 2025 Sep 02, 2025 $0.3438 Quarterly Regular 0.00%
May 30, 2025 Jun 02, 2025 $0.3438 Quarterly Regular 0.00%
Feb 28, 2025 Mar 03, 2025 $0.3438 Quarterly Regular +0.01%
Nov 29, 2024 Dec 02, 2024 $0.3438 Quarterly Regular 0.00%
Aug 30, 2024 Sep 03, 2024 $0.3438 Quarterly Regular 0.00%
May 31, 2024 Jun 03, 2024 $0.3438 Quarterly Regular 0.00%
Feb 28, 2024 Mar 01, 2024 $0.3438 Quarterly Regular 0.00%
Nov 29, 2023 Dec 01, 2023 $0.3438 Quarterly Regular -0.07%
Aug 30, 2023 Sep 01, 2023 $0.3438 Quarterly Regular -0.07%
May 30, 2023 Jun 01, 2023 $0.3438 Quarterly Regular -0.07%
Feb 27, 2023 Mar 01, 2023 $0.3438 Quarterly Regular +2.31%
Nov 29, 2022 Dec 01, 2022 $0.3440 Quarterly Regular 0.00%
Aug 30, 2022 Sep 01, 2022 $0.3440 Quarterly Regular -1.15%
May 27, 2022 Jun 01, 2022 $0.3440 Quarterly Regular +0.07%
Feb 25, 2022 Mar 01, 2022 $0.3360 Quarterly Regular -1.16%
Nov 29, 2021 Dec 01, 2021 $0.3440 Quarterly Regular
Aug 30, 2021 Sep 01, 2021 $0.3480 Quarterly Regular
May 27, 2021 Jun 01, 2021 $0.3438 Quarterly Regular
Feb 25, 2021 Mar 01, 2021 $0.3399 Quarterly Regular

The cadence column is the tag our provider attached to that individual payment (fmp), not the security's established schedule. The two can disagree, which is why the cadence shown in the tiles above is only accepted after three consecutive payments were tagged the same way.

A blank comparison means there was no comparable payment within sixty days of the same point a year earlier — a new payer, a changed cadence, or a gap in the record. Special and one-off payments are labelled and are excluded from the comparison.

Interest payments by calendar year

Calendar-year totals, bucketed by ex-interest date: every regular interest payment whose ex-interest date fell in that year, for the last ten complete years on record. These are amounts actually paid, never a forward estimate, and they are not the issuer's own annual interest payment figure.

The chart covers 5 complete calendar years for UZE, 2021 to 2025, per share, in USD. Each bar totals the regular interest payments with an ex-interest date in that calendar year. The year is assigned by ex-interest date, which is not necessarily the issuer's own interest payment year. Our stored payment history for UZE begins in 2021. The total went from $1.38 in 2021 to $1.38 in 2025 — essentially unchanged. Within that span 1 year was higher than the year before and 1 lower. The three most recent years shown are 2023 $1.38, 2024 $1.38 and 2025 $1.38. The current year is still in progress and is left out, and special or one-off payments are excluded. This is a record of what was paid, not a projection. Every year shown holds the 4 interest payments a quarterly cadence implies, so no year on this chart is short or long because a payment shifted across a year end.

Each bar, and each row underneath it, is one calendar year of regular payments added together for a single share. Read left to right and you are reading whether the payment has grown, held or been cut — a record of what was paid, never a forecast of what will be. One thing to watch for: a year here is decided by the date the payment went ex, so when that date slips across a year end one year holds an extra payment and its neighbour is one short while the payment itself never moved. Any year where that has happened is drawn as a dashed bar and marked with an asterisk, and it is the usual reason these totals differ from the annual figure the issuer itself publishes.

2021: $1.3757 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.38 2021 2022: $1.3680 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.37 2022 2023: $1.3750 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.38 2023 2024: $1.3750 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.38 2024 2025: $1.3751 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.38 2025
Bar height is the total per share of the regular interest payments whose ex-interest date fell in that calendar year, in USD. The year is assigned by ex-interest date, not by the issuer's own interest payment year and not by the date the cash arrived. These are a trailing record — never the forward estimate shown in the tiles above.
Complete calendar years only, bucketed by ex-interest date — the current year is still in progress and is left out.
Year Paid per share that yearEvery regular payment dated in that year, added up, for one share. Payments in the yearA count that differs from the usual one means a payment moved across a year end. Change on the year before
2021 $1.38 4
2022 $1.37 4 -0.56%
2023 $1.38 4 +0.51%
2024 $1.38 4 0.00%
2025 $1.38 4 0.00%
What can go wrong
This is debt, and its rank cuts both ways. It sits ahead of the common and preferred shares, so the interest must be paid before either sees a cent — but it sits behind the issuer's bank lenders and secured debt, and it is usually unsecured, so in a bankruptcy there may be nothing left by the time the queue reaches it. The coupon is fixed: it does not grow with the business, and inflation eats it. Most of these are callable at par on or after a set date, so the issuer refinances when rates fall and leaves it outstanding when they rise, which caps the price near par and makes any premium paid above par a loss waiting to be realised. There is a stated maturity, and the price converges on par as it approaches, so a headline yield computed from the payment and the price is not the yield to maturity a holder would actually earn. Interest is taxed as ordinary income rather than as qualified dividends. These issues are small and trade thinly, with wide bid-ask spreads and days where there is no real market at all.

Similar securities

The eight closest exchange-traded note entries by trailing 12-month yield, in the same sector. A research screen, not a recommendation.

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These are not the best-paying securities of this kind, and no ranking is meant by the order. They are the ones whose trailing 12-month yield sits nearest to this one, in the same structure and usually the same sector, so that this security can be seen in company rather than on its own. Every figure here is backward-looking cash that has already been paid. A row that sits well away from the rest is a question to take to that security's own page, not an answer.

Ticker Name Price Trailing 12m yieldCash paid out over the last year, over today's price. Paid over 12 months Pays
UZF Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 $16.96 8.11% $1.38 Quarterly
UZD Array Digital Infrastructure, Inc. 6.250% Senior Notes due 2069 $19.02 8.22% $1.56 Quarterly
SCCG Sachem Capital Corp. 8.00% Note $24.78 8.07% $2.00 Quarterly
OXLCG Oxford Lane Capital Corp. 7.95% Notes due 2032 $25.20 7.89% $1.99 Quarterly
BIPH Brookfield Infrastructure Finance ULC 5 % Notes 2021-24.05.81 Global $15.97 7.82% $1.25 Quarterly
GECCI Great Elm Capital Corp. 8.50% Notes DUE 2029 $25.35 8.38% $2.12 Quarterly
MFAN MFA Financial, Inc. 8.875% Senior Notes $25.16 8.82% $2.22 Quarterly
GEGGL Great Elm Group, Inc. 7.25% Notes due 2027 $24.62 7.36% $1.81 Quarterly

Every row in this table is on the same basis — cash actually paid per share over the last 365 days, divided by that security's last price — so the column can be read down. Forward estimates are deliberately not used here, because they exist for some securities and not others and a mixed column would invite a comparison that does not hold. A dash means no payment was recorded in the last 365 days, or no price is on file. Open a security to see both of its yields.

Where these are traded

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Questions about UZE

Does UZE pay interest, and how often?
Yes. The regular payment cadence recorded for UZE is quarterly. The annual figure works out at $1.38 per share. Forward estimate: the last regular payment multiplied by the number of payments a year. It is an estimate of the next twelve months, not cash that has been paid. The last ex-date in our history is May 29, 2026.
What is the yield on UZE, and is it forward or trailing?
There are two, and they measure different things. The forward yield is 8.10%: the last regular payment annualised to $1.38 a year and divided by the last price of $16.98. That is an estimate of the next twelve months. The trailing 12-month yield is 8.10%: the $1.38 per share actually paid over the last 365 days, divided by the same price. Neither number is a bond's yield to maturity, an index effective yield or an interest rate, and none of those should be compared with these as like for like. Yield also moves inversely with price, so it rises when the market marks the security down — a high number is a question, not an answer.
When is the next UZE ex-interest date?
The next ex-date recorded for UZE is Aug 31, 2026, with the payment due Sep 01, 2026. Shares bought on or after the ex-date do not carry that payment; the seller keeps it. Dates are as announced and can change.
Is UZE a bond or a share?
UZE is debt that trades on a stock exchange like a share. It is listed here as an exchange-traded note — small-denomination corporate debt, commonly called a baby bond, usually issued at a $25 face value with a fixed coupon, a call date and a stated maturity. It is not part of the common-stock universe on this site and is never counted in one. Holders are lenders, not owners: the payment is contractual interest ranking ahead of every class of shares, it does not grow with the business, there is no vote, and it is taxed as ordinary income rather than as qualified dividends.
Why is there no meaningful payout ratio for UZE?
A payout ratio compares a dividend to accounting earnings. For a exchange-traded note the payment is contractual interest that must be paid ahead of earnings, not a share of them, so the ratio describes nothing. Lenders look at interest coverage and at the issuer's total debt instead.
Has the UZE payment grown?
Over the complete calendar years in our history, the total went from $1.38 in 2021 to $1.38 in 2025. The payment rose in 1 consecutive complete years to the end of that record, measured within the history we hold, which begins in 2021. The chart on this page shows every year in between, including any cuts. Those totals bucket each payment by its ex-interest date, so a year can hold more or fewer payments than the cadence implies when a payment shifts across a year end. Past payment history describes what happened, not what will happen.
How to read this page
Nothing on this page is investment advice or a recommendation to buy, hold or sell UZE. Figures are drawn from third-party market data and our own calculations, may be delayed or wrong, and can change without notice. Confirm every number with the issuer and with your own broker, tax adviser and financial adviser before acting.

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