Alltel Increases Quarterly Dividend for 45th 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 38 cents to 38 1/2 cents on the company's common stock. This is the 45th consecutive annual dividend increase since the company's founding. The 38 1/2-cent dividend is payable Jan. 3, 2006, to stockholders of record as of Dec. 9, 2005. The new indicated annual dividend rate will increase 2 cents to $1.54 per common share. Regular quarterly dividends also were 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, 2005 to stockholders of record as of Nov. 24, 2005. 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 15 million customers in 36 states and nearly $10 billion in annual revenues. NYSE: Alltel, AT www.alltel.com |
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