Do TDS or U.S. Cellular issue dividends or have a DRIP (Dividend Reinvestment Program)?
Yes, TDS offers a Dividend Reinvestment Program. TDS had paid cash dividends on common shares since 1974. Common and preferred shareholders of record owning (10) or more shares may purchase common shares with their reinvestment dividends at a five-percent discount from market value. Shares may also be purchased, at market value, on a monthly basis through optional cash payments of up to $5,000 in any calendar quarter. The initial 10 shares cannot be purchased directly from TDS. An authorization card and prospectus will be mailed automatically by the transfer agent to all record holders with (10) or more shares. Once enrolled in the plan, there are no brokerage commissions or service charges for purchases made under the plan. For more information, see the DRIPs section of the web site for the TDS common stock prospectus and TDS special common stock prospectus. U.S. Cellular does not pay a dividend; therefore it does not have dividend reinvestment plan.
