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

Discussion in 'Alltel Forum' started by Shockwave13, Apr 19, 2007.

  1. Shockwave13

    Shockwave13 Junior Member
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    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
     
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  2. Etorres777

    Etorres777 Life is good for now..
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    Oh wow 12 million now. I though they were still at 10 million.
     
  3. Shockwave13

    Shockwave13 Junior Member
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    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.
     
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