TDS declares 42nd consecutive year of dividend increases; Increases dividend rate 5 percent

Feb 19, 2016, 07:58 ET from Telephone and Data Systems, Inc.

CHICAGO, Feb. 19, 2016 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS), a leading provider of telecommunications services, has declared a first quarter 2016 dividend of $0.148 per Common Share and Series A Common Share. Payment will be made on March 31, 2016, to shareholders of record as of March 17, 2016.

About TDS Telephone and Data Systems, Inc. (TDS), a Fortune 1000 company, provides wireless; broadband, video and voice; and hosted and managed services to approximately 6.1 million customers nationwide through its businesses, U.S. Cellular, TDS Telecom, OneNeck IT Solutions, and BendBroadband. Founded in 1969 and headquartered in Chicago, TDS employed 10,400 people as of Dec. 31, 2015.

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SOURCE Telephone and Data Systems, Inc.