Shenandoah Telecommunications declares special dividend, shares jump

Shenandoah Telecommunications

02/07/2021 13:39

** Shares of broadband services provider  SHEN.O  up 12.5%
at $55.35 premarket
    ** Co declares special dividend of $18.75/shr on issued and
outstanding shares of SHEN's common stock
    ** Total payout to SHEN shareholders will be ~$936.6 mln
 urn:newsml:reuters.com:*:nGNX7MD5SD
    ** Co currently expects about $19.6 mln of special dividend
to be reinvested in shares of SHEN's common stock via co's
Dividend Reinvestment Plan
    ** Special dividend is payable on Aug. 2 to shareholders on
record as of close of business on July 13, 2021
    ** Up to Thursday's close, stock had risen 13.7% YTD

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))