SHEN - Shenandoah Telecommunications Company Announces 2023 Annual Dividend | Benzinga
EDINBURG, Va., Oct. 24, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) declared a cash dividend of $0.09 per share.
The dividend will be payable December 1, 2023, to shareholders of record as of the close of business on November 7, 2023. This dividend is an increase of $0.01 per share or 12.5% over the December 2022 dividend and will be Shentel's sixty-fourth consecutive year of annual dividends.
"We are pleased to announce an increase in the annual dividend, reflecting our confidence in the long-term growth prospects of our Fiber First strategy and continued growth in Glo Fiber," said President and CEO Christopher E. French.
About Shenandoah Telecommunications
Shenandoah Telecommunications Company (Shentel) provides broadband services through its high speed, state-of-the-art fiber-optic and cable networks to customers in the Mid-Atlantic United States. The Company's services include: broadband internet, video, and voice; fiber-optic Ethernet, wavelength and leasing; and tower colocation leasing. The Company owns an extensive ...