Enventis Corporation (ENVE) Declares $0.074 Special Dividend; 0.4% Yield

Enventis Corporation (NASDAQ: ENVE) declared a special dividend of $0.074 per share.

The dividend will be payable on October 15, 2014, to stockholders of record on October 2, 2014.

The annual yield on the dividend is 0.4 percent.

As Enventis prepares for the merger with Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) during the fourth quarter of 2014, it is declaring a special dividend to align Enventis shareholders dividends with the current CNSL dividend policy. In accordance with the current CNSL dividend policy and subject to the discretion of and declaration by the CNSL board of directors, the first dividend Enventis shareholders would receive as shareholders of CNSL would be payable Feb. 1, 2015 (for November and December 2014 and January 2015) for shareholders of record on Jan. 15, 2015. The CNSL board of directors has declared dividends of $0.38738 per share of CNSL’s common stock for 37 consecutive quarters.

Enventis has suspended its automatic dividend reinvestment plan pending completion of the merger with Consolidated Communications and participants in this plan will receive the cash dividend payment instead of shares of Enventis common stock.

CNSL’s policy, which is subject to the discretion of CNSL’s board of directors, has been to consistently pay its dividend on a quarterly basis as follows: payable Feb. 1 for shareholders of record as of Jan. 15, payable May 1 for shareholders of record as of April 15, payable Aug. 1 for shareholders of record as of July 15, payable November 1 for shareholders of record as of Oct. 15.

For a dividend history and other dividend-related data on Enventis Corporation (ENVE) click here.

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