MANKATO, Minn., Sept. 25, 2012 — HickoryTech Corporation (NASDAQ:HTCO, news, filings) today announced that its Board of Directors voted to declare a quarterly dividend of $0.145 per share of HickoryTech common stock, representing a 3.5 percent increase from the previous $0.14 per share dividend. The $0.145 dividend is payable on Dec. 5, 2012 to shareholders of record on Nov. 15, 2012.
“We are pleased to declare an increased quarterly dividend, the third dividend increase since 2010 for HickoryTech,” said Dale Parker, chairman of the HickoryTech Board. “We are confident in our ability to continue to generate strong cash flow and are pleased with our progress implementing our strategic plan.”
HickoryTech has paid a cash dividend to shareholders for more than 60 years.
HickoryTech Corporation is a leading communications provider serving business and residential customers in the upper Midwest. With headquarters in Mankato, Minn., HickoryTech has 500 employees and a five-state fiber network spanning 3,250 route miles across Minnesota and into Iowa, North Dakota, South Dakota and Wisconsin. HickoryTech’s Enventis subsidiary provides business IP voice, data and video solutions, MPLS networking, data center and managed hosted services and communication systems. HickoryTech delivers broadband Internet, Digital TV, voice and data services to businesses and consumers in southern Minnesota and northwest Iowa. The Company trades on the NASDAQ, symbol: HTCO. For more information, visit www.hickorytech.com.