Alltel Declares Quarterly Dividends of 12 1/2 Cents Per Share

April 19, 2007 10:44 AM Eastern Daylight Time

Alltel Declares Quarterly Dividends of 12 1/2 Cents Per Share

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Alltel’s (NYSE: AT) board of directors today declared regular quarterly dividends on the company’s common stock. The 12 1/2 cent dividend is payable July 3, 2007, to stockholders of record as of June 8, 2007.

Regular quarterly dividends also were declared on all series of the company’s preferred stock. Preferred dividends are payable June 15, 2007, to stockholders of record as of May 25, 2007.

Alltel is owner and operator of the nation’s largest wireless network and has nearly 12 million wireless customers.

Alltel, NYSE: AT

www.alltel.com

 

Nope they are very close to 12 million, infact I think the last update had them at just barely above 12 million customers. They jumped a lot last year with several purchases ( Virginia Cellular, First Cellular, Midwest Wireless ) I dont think missed anyone. That jumped them up a good amount, specially the Midwest Wireless purchase. They need to grow by gaining customers though, I think once they get the Midwest Wireless area rebranded and everything, they will see a good pick up in customers in that area. Specially ppl that dont want to stay with Rural Cellular. If they end up buying anyone else out this year they could easily move up to the upper 12's or low 13's depending on who they purchase. If they actually pull off a purchase of say USCC or MetroPCS then you could easily see an Alltel with a customer base of 14 to 18 million depending on who and what divesture. Not bad for a company that started so small and has done so well money wise and balance sheet wise.