SOURCE: Warwick Valley Telephone Company

Warwick Valley Telephone Company

June 14, 2012 17:29 ET

WVT Communications Group Declares Dividend

WARWICK, NY--(Marketwire - Jun 14, 2012) - The Board of Directors of Warwick Valley Telephone Company (NASDAQ: WWVY), referred to as WVT Communications Group or the Company, the parent company of leading cloud communications pioneers, declared a regular quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on June 29, 2012 to shareholders of record as of June 25, 2012.

In addition, 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 June 29, 2012 to shareholders of record as of June 25, 2012.

About WVT Communications Group:
WVT Communications Group is a world technology leader in providing cloud-based Unified Communications (UC) solutions for small, medium and enterprise businesses. The Company has maintained a tradition of paying dividends to shareholders for 104 consecutive years. Founded in 1902, the company has continued to adapt and remain on the forefront of technology, chiseling its position among the most stable and respected communications vendors on the globe. Moving forward, it is forging the new model that communications providers, large and small, are striving to emulate. WVT Communications Group is merging new innovations, such as those from Alteva and USA Datanet, with proven technology from industry leaders like Microsoft, Cisco, BroadSoft, Panasonic, and Polycom to build the ideal hosting architecture for communications.

Through its USA Datanet (targeting businesses under 35 employees), Alteva (targeting businesses over 35 employees and those with branch offices), and Warwick Valley Telephone (a highly respected traditional telecom provider turned premier regional broadband company) businesses, WVT Communications Group is enabling businesses of any size to communicate more efficiently with hassle-free communications tools. By overlaying a UC division on its stabile, regional broadband company, WVT Communications Group has positioned itself in front of its peer legacy telecom companies and created an evolutionary change in its strategy. With this, the company may offer its residential customers a similar suite of UC applications and services for use in a home environment that its business customers can enjoy. Visit www.wvtcg.com or call 855-U-GO-CLOUD.

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Contact Information

  • Company contact:
    Duane W. Albro
    WVT Communications Group
    President & CEO
    (845) 986-2100

    Investor contact:
    Jordan Darrow
    Darrow Associates, Inc.
    (631) 367-1866
    jdarrow@darrowir.com