Business Services Industry

CTE Declares Dividend for 2005 Fourth Quarter

Business Wire, Dec 6, 2005

DALLAS, Pa. -- Commonwealth Telephone Enterprises, Inc. ("CTE") (NASDAQ:CTCO), announced today that its Board of Directors has declared a dividend of $.50 per share for the 2005 fourth quarter. The quarterly dividend will be paid on December 30, 2005, to shareholders of record at the close of business on December 15, 2005.

Today's dividend announcement reflects CTE's decision to pay its third consecutive quarterly dividend in connection with its overall dividend plan, which was announced on May 3, 2005.

About CTE

Headquartered in Dallas, PA, Commonwealth Telephone Enterprises, Inc., serves business and residential customers with a full array of technologically advanced data and voice telecommunications products and services, including broadband data services and high-speed Internet access, delivered over its 100% digitally switched, fiber-rich network.

CTE's primary operating segments are: Commonwealth Telephone Company ("CT"), the nation's eighth largest publicly held independent local exchange carrier, which has been operating in various rural Pennsylvania markets since 1897; and, CTSI, LLC ("CTSI"), a local exchange carrier operating in competitive markets outside CT's territory, that formally commenced operations in 1997. CTE deploys broadband DSL technology to offer high-speed Internet access in the CT and CTSI service territories. CTE's support businesses include epix(R) Internet Services (www.epix.net), one of the Northeast's largest rural dial-up Internet Service Providers ("ISPs"), and Commonwealth Communications, a provider of telecommunications equipment and facilities management services.

A web site featuring current information regarding Commonwealth Telephone Enterprises, Inc., can be found on the Internet at www.ct-enterprises.com. However, the information on this web site does not form a part of this release.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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