Replies to post #831 on Dave's Dividends Payers

[Nistel]

That was the last one. Dividend eliminated as per today's Q1 report. Stock is crashing in pre-market.


MATTOON, Ill., April 25, 2019 (GLOBE NEWSWIRE) -- Consolidated Communications (CNSL) Holdings, Inc. (Nasdaq: CNSL) (the “Company”) reported results for the first quarter 2019 and will hold a conference call and simultaneous webcast to discuss its results and developments today at 10 a.m. ET.

First quarter 2019 Consolidated Communications financial summary:

Revenue totaled $338.6 million
Net cash from operating activities was $75 million
Adjusted EBITDA was $130.3 million
“While we are pleased with the performance of the business, after careful consideration, our Board of Directors has elected to eliminate our dividend,” said Bob Udell, president and chief executive officer of Consolidated Communications. “With this action, we are implementing a new capital allocation plan in order to focus on deleveraging. As we achieve our leverage targets, we will accelerate our fiber investment strategy.”