OKLAHOMA CITY, June 17, 2002 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today declared an in-kind dividend on its outstanding 12 1/4% Senior Exchangeable Preferred Stock. The dividend will be payable on July 15, 2002 to holders of record at the close of business on July 1, 2002.
Holders of shares of 12 1/4% Senior Exchangeable Preferred Stock (CUSIP 256072 30 7) will receive 0.03097 additional shares of 12 1/4% Senior Exchangeable Preferred Stock for each share held on the record date. The dividend covers the period April 15, 2002 through July 14, 2002. The dividends have an annual rate of 12 1/4% on the $1,000 per share liquidation preference value of the preferred stock.
Dobson Communications is a leading provider of wireless phone services to rural markets in the United States. Headquartered in Oklahoma City, the Company owns or manages wireless operations in 17 states. For additional information on the Company and its operations, please visit its Web site at www.dobson.net.