EDINBURG, Va., Oct. 23, 2024 (GLOBE NEWSWIRE) — The board of directors of Shenandoah Telecommunications Company (Shentel) (NASDAQ: SHEN) declared a cash dividend of $0.10 per share.

The dividend will be payable on December 2, 2024 to shareholders of record at the close of business on November 5, 2024. This dividend represents an increase of $0.01 per share or 11.1% over the December 2023 dividend and will be the sixty fifth of Shentel. consecutive year of annual dividends.

“We are pleased to announce an increase in the annual dividend, demonstrating our confidence in the long-term growth prospects of our Glo Fiber expansion plans. said President and CEO Christopher E. French.

About Shenandoah Telecommunications

Shenandoah Telecommunications Company (Shentel) provides broadband services through its industry-leading high-speed fiber optic and cable networks to residential and business customers in eight contiguous states in the eastern United States. The Company’s services include: high-speed Internet, video, voice, high-speed Ethernet, dark fiber rental and managed network services. The company has an extensive regional network with more than 16,000 route miles of fiber. For more information, please visit www.shentel.com.

This release contains forward-looking statements regarding Shentel regarding, among other things, its business strategy, prospects and financial condition. These statements can be identified by the use of forward-looking terminology such as “believes”, “estimates”, “expects”, “intends”, “may”, “will”, “should”, ” could” or “anticipates”. ” or the negative or other variation of these or similar words, or by discussions of strategy or risks and uncertainties. Forward-looking statements are based on management’s current beliefs, assumptions and expectations and may include comments on Shentel’s beliefs and expectations future events and trends affecting its business which are necessarily subject to uncertainties, many of which are beyond Shentel’s control. Although management believes that the expectations reflected in the forward-looking statements are reasonable, the statements. Forward-looking statements are not, and should not be relied upon as, a guarantee of future performance or results, and they will not necessarily prove to be accurate indications of when such performance or results will be achieved, and the actual results. may differ materially from those contained in or implied by the forward-looking statements. statements due to various factors. A discussion of other factors that may cause actual results to differ from management’s projections, forecasts, estimates and expectations is available in Shentel’s filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2023. and our quarterly reports on Form 10-Q. These factors may include natural disasters, pandemics and outbreaks of communicable diseases and other adverse public health developments, such as COVID-19, changes in general economic conditions, including high inflation, increases costs, regulatory changes and other competitive factors. The included forward-looking statements are made only as of the date of the statement. Shentel undertakes no obligation to revise or update these statements to reflect current events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, except as required by law.

CONTACT:

Shenandoah Telecommunications Company

Jim Volk

Senior Vice President, Chief Financial Officer

540-984-5168