Windstream (WIN) Declares $0.15 Quarterly Dividend

Windstream (NASDAQ: WIN) declared a quarterly dividend of $0.15 per share.

The dividend will be distributed in two separate, prorated payments, provided that Windstream’s planned merger with EarthLink Holdings Corp. (NASDAQ: ELNK) closes in the first quarter of 2017, as expected, subject to customary closing conditions.

The first prorated payment will be calculated based on the number of days elapsed from the beginning of the first quarter on Jan. 1, 2017, up to, and including, the day immediately prior to the closing date of the merger. The dividend will be paid as soon as practicable after the closing date of the merger to Windstream stockholders of record as of the last business day immediately prior to the closing date of the merger.

The second prorated payment will be calculated based on the number of days elapsed from, and including, the closing date of the merger through March 31, 2017, the end of the first quarter. The second prorated portion of the dividend will be paid on or about April 17, 2017, to Windstream stockholders of record as of March 31, 2017.

In the event the merger does not close by March 31, 2017, Windstream stockholders of record as of March 31, 2017, will receive a quarterly dividend of 15 cents per share on the company’s common stock payable on or about April 17, 2017.

For a dividend history and other dividend-related data on Windstream (WIN) click here.

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