WARWICK, NY--(Marketwire - March 10, 2011) - Reflecting the Company's positive outlook for generation of long-term cash flow, the Board of Directors of the Warwick Valley Telephone Company (
Robert J. DeValentino, Chairman of the Board, said: "This dividend increase demonstrates the Board's continued commitment to our shareholders."
Additionally, the Board of Directors declared the regular quarterly dividend of $1.25 per share on the outstanding 5,000 shares of the Company's 5% Preferred Shares to be paid on March 31, 2011 to shareholders of record as of March 21, 2011.
Warwick Valley Telephone Company is a full service telecommunications company operating in southern Orange County, New York and portions of central New York and northwestern New Jersey. Through its subsidiaries and affiliated companies, Warwick Valley Telephone Company offers local, long distance, Internet and video services.
Contact Information:
Contact:
Warwick Valley Telephone Co.
Duane W. Albro
President & CEO
(845) 986-2100