EDINBURGH, Va., Oct. 27, 2021 (GLOBE NEWSWIRE) — The board of directors of Shenandoah Telecommunications Company (Shentel) (NASDAQ: SHEN) has declared a cash dividend of $0.07 per share.
The dividend will be payable on December 1, 2021 to shareholders of record at the close of business on November 8, 2021. This dividend will be Shentel’s sixty-second consecutive year of annual dividends.
“We are pleased to continue our tradition of annual dividend. With the sale of our wireless business in July and the distribution of a special dividend of $18.75 per share in August, we have now realigned the annual dividend to expected earnings per share for continuing operations,” said the President and CEO Christopher E. French. “We are well positioned to continue to invest in the long-term growth of our broadband business and to continue to return capital to our shareholders.”
About Shenandoah Telecommunications
Shenandoah Telecommunications Company (Shenandoah Telecommunications Company (Shentel) provides broadband services through its state-of-the-art high-speed wired, fiber optic and fixed wireless networks to customers in the Mid-Atlantic United States The Company’s services include: high-speed Internet, video and voice; fiber optic Ethernet, wavelength and rental; and tower colocation rental. The Company has an extensive regional network with more than 7,000 miles of fiber optics and more than 220 macrocell towers.For more information, visit www.shentel.com.
Shenandoah Telecommunications Company
Senior Vice President, Chief Financial Officer