Consolidated Comms Declares Quarterly Dividend

Consolidated Communications has kept its payout steady in the announcement of its latest quarterly dividend. The telecom and broadband provider is to pay $0.38738 per share of its common stock on May 1 to shareholders of record as of April 15. That matches the company's previous payout, which it has distributed every quarter since January 2006. Before that, it paid $0.4089 per share.

The new dividend annualizes to $1.54952 per share. That yields 9.5% at Consolidated Communications' current stock price of $16.37.

In its most recent quarter, Q3 2012, the company's revenue came in at $157 million, while attributable net loss was $311,000 ($0.01 per share).


Consolidated Communications is to release its Q4 2012 results in a conference call on the morning of March 7.

The article Consolidated Comms Declares Quarterly Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Consolidated Communications. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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