OKLAHOMA CITY, March 22, 2004 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today declared a 6% cash dividend on its outstanding Series F Convertible Preferred Stock. The dividend will be payable on April 15, 2004 to holders of record at the close of business on April 1, 2004. Series F Preferred Stock, CUSIP number 256069 (for Reg. S investors, CUSIP number U25401).
Holders of shares of the Series F Convertible Preferred Stock will receive a cash payment of $5.357 per share held on the record date. The cash dividend covers the period October 15, 2003 through April 14, 2004. Cash dividends have an annual rate of 6% on the $178.571 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 16 states. For additional information on the Company and its operations, please visit its Web site at www.dobson.net.