OKLAHOMA CITY, June 23, 2004 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today declared a cash dividend on its outstanding 12 1/4% Senior Exchangeable Preferred Stock. The dividend will be payable on July 15, 2004 to holders of record at the close of business on July 1, 2004. CUSIPs for the 12 1/4% Senior Exchangeable Preferred Stock are 256 072 30 7 and 256 069 30 3.
Holders of shares of 12 1/4% Senior Exchangeable Preferred Stock will receive a cash payment of $30.97 per share held on the record date. The cash dividend covers the period April 15, 2004 through July 14, 2004. 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 16 states. For additional information on the Company and its operations, please visit its Web site at www.dobson.net.