MANKATO, Minn.--(EON: Enhanced Online News)--HickoryTech Corporation (NASDAQ: HTCO) today announced that its Board of Directors voted to declare a quarterly dividend of $0.15 per share of HickoryTech common stock, representing a 3 percent increase from the previous $0.145 per share dividend. The $0.15 dividend is payable in the fourth quarter on Dec. 5, 2013 to shareholders of record on Nov. 15, 2013.
“This action reflects the confidence we have in our strategic direction and our ability to generate strong cash flow. The dividend remains an important component of returning value to our shareholders.”
“We are pleased to declare an increased quarterly dividend, this being HickoryTech’s fourth dividend increase since 2010,” said Diane Dewbrey, chair of the HickoryTech Board. “This action reflects the confidence we have in our strategic direction and our ability to generate strong cash flow. The dividend remains an important component of returning value to our shareholders.”
HickoryTech has paid a cash dividend to shareholders for more than 65 years.
HickoryTech Corporation is a leading communications provider serving business and residential customers in the upper Midwest. With headquarters in Mankato, Minn., HickoryTech has 500 employees and a five-state fiber network spanning 4,100 route miles across Minnesota and into Iowa, North Dakota, South Dakota and Wisconsin. HickoryTech’s Enventis subsidiary provides business IP voice, data and video solutions, MPLS networking, data center and managed hosted services and communication systems. HickoryTech delivers broadband Internet, Digital TV, voice and data services to businesses and consumers in southern Minnesota and northwest Iowa. The Company trades on the NASDAQ, symbol: HTCO. For more information, visit www.hickorytech.com.