UPDATE: Shenandoah Telecom Co (SHEN) Declares $18.75 Special Dividend; 38.1% Yield
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Shenandoah Telecommunications Company Declares $18.75 per Share Special Dividend
July 2, 2021 6:45 AM EDTEDINBURG, Va., July 02, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Shenandoah Telecommunications Company (Shentel or the Company) (NASDAQ: SHEN) declared a special dividend of $18.75 per share on the issued and outstanding shares of Shentels common stock. The special dividend is payable on August 2, 2021 to shareholders of record as of the close of business on July 13, 2021. In accordance with NASDAQ rules, the ex-dividend date will be August 3, 2021, the first business day after the payment date. Â
The Company currently expects approximately $19.6 million of the special dividend to be reinvested in shares of... More
