Telephone and Data Declares Dividend

Telephone and Data Systems Inc. said Friday it would pay a third-quarter dividend of 10.75 cents per common share, special common share and Series A common share.

The dividend will be paid Sept. 30 to shareholders of record as of Sept. 16.

The Chicago-based company sells wireless, local and long-distance telephone and Internet service to about 7.3 million customers through subsidiaries U.S. Cellular and TDS Telecom.

The shares rose 59 cents, or 2.3 percent, to close Friday at $26.44.

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