Dobson announces in-kind dividend

OKLAHOMA CITY-Dobson Communications Corp. announced that shareholders of its 12.25 percent senior exchangeable preferred stock would receive an in-kind dividend of .03165 additional shares for each share held at the close of business on Jan. 1, 2003. The dividend is scheduled to be payable on Jan. 16 and have an annual rate of 12.25 percent on the $1,000 per share liquidation preference value of the preferred stock.