Shenandoah Telecommunications Company Announces 2024 Annual Dividend
Shenandoah Telecommunications Company (SHEN) has declared a cash dividend of $0.10 per share, payable on December 2, 2024, to shareholders of record as of November 5, 2024. This represents an 11.1% increase ($0.01 per share) compared to the December 2023 dividend. The announcement marks Shentel's sixty-fifth consecutive year of annual dividends, reflecting the company's confidence in its Glo Fiber expansion plans.
Shenandoah Telecommunications Company (SHEN) ha dichiarato un dividendo in contante di 0,10 $ per azione, pagabile il 2 dicembre 2024, agli azionisti registrati al 5 novembre 2024. Ciò rappresenta un aumento dell'11,1% (0,01 $ per azione) rispetto al dividendo di dicembre 2023. L'annuncio segna il sessantacinquesimo anno consecutivo di dividendi annuali di Shentel, riflettendo la fiducia della società nei suoi piani di espansione di Glo Fiber.
Shenandoah Telecommunications Company (SHEN) ha declarado un dividendo en efectivo de 0,10 $ por acción, pagadero el 2 de diciembre de 2024, a los accionistas registrados a partir del 5 de noviembre de 2024. Esto representa un aumento del 11,1% (0,01 $ por acción) en comparación con el dividendo de diciembre de 2023. El anuncio marca el sexagésimo quinto año consecutivo de dividendos anuales de Shentel, lo que refleja la confianza de la empresa en sus planes de expansión de Glo Fiber.
셴안도아 통신 회사(샨)는 주당 0.10 달러의 현금 배당금을 선언했으며, 2024년 12월 2일에 2024년 11월 5일 기준의 주주에게 지급될 예정입니다. 이는 2023년 12월 배당금에 비해 11.1% 증가한 수치(주당 0.01 달러)입니다. 이번 발표는 샨텔의 65년 연속 배당금을 의미하며, 이는 회사가 Glo Fiber 확장 계획에 대한 자신감을 반영합니다.
Shenandoah Telecommunications Company (SHEN) a déclaré un dividende en espèces de 0,10 $ par action, payable le 2 décembre 2024, aux actionnaires inscrits au 5 novembre 2024. Cela représente une augmentation de 11,1% (0,01 $ par action) par rapport au dividende de décembre 2023. L'annonce marque la soixante-cinquième année consécutive de dividendes annuels pour Shentel, reflétant la confiance de la société dans ses projets d'expansion Glo Fiber.
Shenandoah Telecommunications Company (SHEN) hat eine Bardividende von 0,10 $ pro Aktie erklärt, die am 2. Dezember 2024 an die Aktionäre ausgezahlt wird, die am 5. November 2024 im Aktienregister stehen. Dies stellt eine 11,1%ige Erhöhung (0,01 $ pro Aktie) im Vergleich zur Dividende vom Dezember 2023 dar. Die Bekanntgabe markiert das fünfundsechzigste Jahr in Folge, in dem Shentel eine jährliche Dividende zahlt, was das Vertrauen des Unternehmens in seine Glo Fiber-Expansionpläne widerspiegelt.
- 11.1% dividend increase from previous year
- 65-year track record of consecutive annual dividends
- Management expresses confidence in growth prospects
- None.
EDINBURG, Va., Oct. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Shenandoah Telecommunications Company (Shentel) (NASDAQ: SHEN) declared a cash dividend of
The dividend will be payable December 2, 2024, to shareholders of record as of the close of business on November 5, 2024. This dividend is an increase of
“We are pleased to announce an increase in the annual dividend, demonstrating our confidence in the long-term growth prospects of our Glo Fiber expansion plans.” 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 residential and commercial customers in eight contiguous states in the eastern United States. The Company’s services include: broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services. The Company owns an extensive regional network with over 16,000 route miles of fiber. For more information, please visit www.shentel.com.
This release contains forward-looking statements about Shentel regarding, among other things, its business strategy, its prospects and its financial position. These statements can be identified by the use of forward-looking terminology such as “believes,” “estimates,” “expects,” “intends,” “may,” “will,” “should,” “could,” or “anticipates” or the negative or other variation of these or similar words, or by discussions of strategy or risks and uncertainties. The forward-looking statements are based upon management’s beliefs, assumptions and current expectations and may include comments as to Shentel’s beliefs and expectations as to future events and trends affecting its business that are necessarily subject to uncertainties, many of which are outside Shentel’s control. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as, a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved, and actual results may differ materially from those contained in or implied by the forward-looking statements as a result of various factors. A discussion of other factors that may cause actual results to differ from management’s projections, forecasts, estimates and expectations is available in Shentel’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2023 and our Quarterly Reports on Form 10-Q. Those factors may include natural disasters, pandemics and outbreaks of contagious diseases and other adverse public health developments, such as COVID-19, changes in general economic conditions including high inflation, increases in costs, changes in regulation and other competitive factors. The forward-looking statements included are made only as of the date of the statement. Shentel undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, except as required by law.
CONTACT:
Shenandoah Telecommunications Company
Jim Volk
Senior Vice President, Chief Financial Officer
540-984-5168
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