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ALLTEL INCREASES QUARTERLY DIVIDEND TO 22 CENTS

 LITTLE ROCK, Ark., Oct. 29 /PRNewswire/ -- ALLTEL Corporation's (NYSE: AT) board of directors voted today to increase the regular quarterly common dividend from 20 cents to 22 cents per share.
 The new indicated annual dividend rate will be 88 cents per common share, an increase of 8 cents or 10 percent over the previous rate. This is the 33rd consecutive annual dividend increase since the company's founding. The 22 cent dividend is payable on Jan. 3, 1994, to stockholders of record as of Dec. 6, 1993.
 Dividends were also declared on all series of the company's preferred stock. Preferred dividends are payable on Dec. 15, 1993, to stockholders of record as of Nov. 22, 1993.
 ALLTEL Corporation (NYSE: AT) is a leading telecommunications and information services company. In addition to providing local telephone service, ALLTEL subsidiaries provide cellular telephone service, information services and communications products.
 -0- 10/29/93
 /CONTACT: Ron Payne, vice president-corporate communications, of ALLTEL Corp., 501-661-8989/
 (AT)


CO: ALLTEL Corporation ST: Arkansas, Ohio IN: TLS SU: DIV

KL -- CL010 -- 8417 10/29/93 10:16 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
Words:179
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