HickoryTech ups its quarterly cash dividend

HickoryTech (Nasdaq: HTCO), a Mankato, Minn.-based independent telco, declared a quarterly dividend of $0.14 per share of its common stock, a 4 percent increase from the previous $0.135 per share dividend.

The service provider said that the $0.14 dividend is payable on Dec. 5, 2011 to shareholders of record on Nov. 15, 2011.

Such a move is not uncommon for Hickory Tech as it has been paying a cash dividend to shareholders for decades.

The last time the telco increased its quarterly dividend was a year ago.

For more:
- see the release

Related articles:
HickoryTech joins the Russell 2000 Index
HickoryTech's Enventis begins work on $24M middle mile project
Rural telco HickoryTech reaches 20,000 DSL subscriber milestone
HickoryTech hits the 10,000 IPTV subscriber mark

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