GLENTEL Inc. increases its quarterly dividend
BURNABY, BC, Jan. 2, 2014 /CNW/ - GLENTEL Inc.'s (TSX: GLN) Board of Directors announces the declaration of an eligible quarterly dividend in the amount of $0.13 per share, for shareholders of record on Friday, January 10, 2014, payable on Thursday, January 23, 2014.
"We are pleased to announce this quarterly dividend increase of $0.005 per share," stated Thomas Skidmore, GLENTEL's President and Chief Executive Officer. "On an annualized basis, GLENTEL's dividend increases to $0.52 per share from $0.50 per share, a 4% increase."
Based in Burnaby, BC, Canada, GLENTEL (TSX: GLN) celebrated its 50th anniversary in 2013. GLENTEL is the largest independent multi-carrier mobile phone retailer in Canada and Australia. In the United States, GLENTEL operates two of the six National Premium Retailers for Verizon Wireless. GLENTEL is a leading provider of innovative and reliable wireless communications services and solutions, offering a choice of network carrier and wireless or mobile products to consumers and commercial customers.
GLENTEL's brands - GLENTEL Wireless Solutions, WIRELESSWAVE, WAVE SANS FIL, Tbooth wireless, la cabine T sans fil, WIRELESS etc…, SANS FIL etc…, Mac Station, iStation, Diamond Wireless, Wireless Zone, and Allphones - span four countries and three continents. The Company employs over 4,300 employees and operates more than 1,400 locations, including more than 470 locations in Canada - located in retail malls, Costco Wholesale stores, Target retail stores, and business centres; more than 760 corporate, franchise, and BJ's Wholesale Inc. kiosk retail locations in the United States; and more than 170 retail locations in Australia and the Philippines.
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