FairPoint Communications (FRP) Reduces Q2 Dividend 35%
More News related to FRP
- FairPoint Communications (FRP) Appoints CFO
- FairPoint Communications (FRP) Declares Q3 Dividend of $0.2575
- FairPoint Communications Declares Third Quarter Dividend
- FairPoint Communications Appoints Chief Financial Officer
- Matrix USA Rating Changes 8/25
More News related to Dividends
- Verizon Wireless Ranks Highest in Call Quality in the New England Region in J.D. Power and Associates Call Quality Study Volume 2
- Western Prospector Reaffirms Shareholders Should Accept the Tinpo $1.34 per Share Cash Offer
- This Is a Test From PR Newswire
- Freedom Salute Ceremony to Recognize National Guard Troops for Service in Iraq
- The Strategy Institute Announces the Mobile Media Investor Conference - December 9 & 10, 2008, San Francisco
The Board of Directors of FairPoint Communications, Inc. (NYSE: FRP) declared a quarterly dividend of $0.2575 per share on FairPoint's common stock. This dividend will be payable on July 18, 2008 to stockholders of record at the close of business on July 2, 2008. As previously announced, FairPoint agreed to a dividend reduction of 35% from the prior quarterly dividend of $0.39789 per share (or $1.59 per share annually).
The dividend reduction was mandated by the Public Utility Commissions in Maine and New Hampshire and the Public Service Board in Vermont as a condition to receive regulatory approval of the transaction in which FairPoint acquired Verizon Communications' landline and certain related operations in Maine, New Hampshire and Vermont.
FairPoint Communications, Inc. is an industry leading provider of communications services to communities across the country.
Sign up at EasyStockAlerts.com To Be Alerted To Your Stock News Today!
Related Categories
DividendsStocks Mentioned
-0.08Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
