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

Suggested Articles

Zayo provides a key element to the project – a backbone fiber network that will link multiple rural markets.

The company is launching its first fiber connectors that are specifically designed to work with 5G small cells.

Veego Software, an Israel-based startup that uses AI to detect and fix problems in connected homes, announced its Home Scoring solution on Thursday.