Uniti Group Inc. Declares $0.15 Per Share Quarterly Dividend
Rhea-AI Summary
Uniti Group Inc. (Nasdaq: UNIT) has declared a quarterly cash dividend of $0.15 per share, to be distributed on July 1, 2022, to stockholders recorded by June 17, 2022. As an internally managed real estate investment trust, Uniti focuses on acquiring and constructing critical communications infrastructure with approximately 128,000 fiber route miles and 7.6 million fiber strand miles across the U.S. This dividend announcement underscores Uniti's commitment to delivering value to its shareholders.
Positive
- Quarterly cash dividend of $0.15 per share demonstrates commitment to shareholders.
- Significant fiber infrastructure with 128,000 fiber route miles and 7.6 million fiber strand miles enhances growth potential.
Negative
- None.
News Market Reaction – UNIT
In the trading session that priced this news, UNIT gained 0.89%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LITTLE ROCK, Ark., May 03, 2022 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Board of Directors declared a quarterly cash dividend of
ABOUT UNITI
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of fiber and other wireless solutions for the communications industry. As of December 31, 2021, Uniti owns approximately 128,000 fiber route miles, 7.6 million fiber strand miles, and other communications real estate throughout the United States. Additional information about Uniti can be found on its website at www.uniti.com.
INVESTOR AND MEDIA CONTACTS:
Paul Bullington, 251-662-1512
Senior Vice President, Chief Financial Officer & Treasurer
paul.bullington@uniti.com
Bill DiTullio, 501-850-0872
Vice President, Finance and Investor Relations
bill.ditullio@uniti.com
