TDS announces first quarter 2017 dividend 43rd consecutive year of dividend increases; Increases dividend rate 5%

CHICAGO, Feb. 24, 2017 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS), a leading provider of telecommunications services, has declared a first quarter 2017 dividend of $0.155 per Common Share and Series A Common Share. Payment will be made on March 31, 2017, to shareholders of record as of March 17, 2017.

About TDS
Telephone and Data Systems, Inc. (TDS), a Fortune 500^® company, provides wireless; cable and wireline broadband, TV and voice; and hosted and managed services to approximately 6 million customers nationwide through its businesses, U.S. Cellular, TDS Telecom, OneNeck IT Solutions, and TDS Broadband Service LLC.  Founded in 1969 and headquartered in Chicago, TDS employed 10,300 people as of Dec. 31, 2016.

Contact  
Julie Mathews, IRC, Director - Investor Relations
312-592-5341
julie.mathews@tdsinc.com

For more information about TDS and its subsidiaries, visit:
TDS: www.tdsinc.com
U.S. Cellular: www.uscellular.com
TDS Telecom: www.tdstelecom.com
OneNeck IT Solutions: www.oneneck.com

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SOURCE Telephone and Data Systems