Consolidated Communications Holdings Inc(NASDAQ:CNSL) Declares Dividend of $0.3874.

Consolidated Communications Holdings Inc (NASDAQ:CNSL) had declared a cash dividend of $0.3874 on Aug 1, 2016. The shares will quote ex-dividend on Oct 12, 2016 and the record date has been fixed for Oct 14, 2016. On Aug 1, 2016 share price, the yield comes out to be 5.5442%. The dividend payable date has been fixed on Nov 1, 2016.

In a different note, On Jun 27, 2016, Drexel Hamilton said it Downgrades its rating on Consolidated Communications Holdings Inc. The shares have been rated ‘Hold’ by the firm. On May 13, 2016, Jefferies said it Maintains its rating on Consolidated Communications Holdings Inc. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Hold’ by the firm.

Consolidated Communications Holdings Inc (CNSL) shares turned negative on Mondays trading session with the shares closing down -0.34 points or -1.31% at a volume of 2,95,598. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.91. The peak price level was also seen at $25.91 while the days lowest was $25.25. Finally the shares closed at $25.61. The 52-week high of the shares is $28.78 while the 52-week low is $17.76. According to the latest information available, the market cap of the company is $1,297 M.

Consolidated Communications Holdings Inc(CNSL) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $188.85M. Analysts had an estimated revenue of $189.12M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.16.

Several Insider Transactions has been reported to the SEC. On Jul 13, 2016, Steven L Childers (Chief Financial Officer) sold 10,000 shares at $28.20 per share price.Also, On May 16, 2016, Robert J Currey (director) sold 10,000 shares at $25.75 per share price.On Mar 8, 2016, Dale E Parker (director) purchased 1,200 shares at $24.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Consolidated Communications Holdings Inc. (Consolidated) is a holding company with operating subsidiaries that provide a range of communications services in consumer commercial and carrier channels. The Company offers local calling services; network access services; video data and Internet services; long-distance services and other services. The Company’s local calling services include traditional wireline telephone service and other basic services. It offers network access services such as interstate and intrastate switched access and network special access services. The Company offers video data and Internet services to residential and business customers. The Company offers long-distance services such as traditional domestic and international long distance services. Its other services include telephone directory publishing wholesale transport services billing and collection services inside wiring service and maintenance and equipment sales (Business Systems).

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