ALLTEL Increases Quarterly Dividend for 44th Consecutive Year.LITTLE ROCK, Ark. -- ALLTEL's (NYSE NYSE See: New York Stock Exchange :AT) board of directors today increased the regular quarterly dividend from 37 cents to 38 cents on the company's common stock. This is the 44th consecutive annual dividend increase since the company's founding. The 38-cent dividend is payable Jan. 3, 2005, to stockholders of record as of Dec. 10, 2004. The new indicated annual dividend rate will be $1.52 per common share, an increase of 4 cents, or 3 percent, over the previous rate. Regular quarterly dividends were also declared on all series of the company's preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . Preferred dividends preferred dividend n. a payment of a corporation's profits to holders of preferred shares of stock. (See: preferred stock) are payable Dec. 15, 2004 to stockholders of record as of Nov. 24, 2004. ALLTEL is a customer-focused communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. with more than 13 million customers and $8 billion in annual revenues. ALLTEL provides wireless, local telephone, long-distance, Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and high-speed data services to residential and business customers in 26 states. ALLTEL, NYSE: AT www.alltel.com |
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