OKLAHOMA CITY-Dobson Communications Corp. said it will not declare or pay a cash dividend April 15 on its outstanding 12.25-percent senior exchangeable preferred stock or May 15 on its outstanding 13-percent senior exchangeable preferred stock.
The company said interest will accrue on unpaid dividends at stated rates, compounded quarterly.
Dobson also said it will not declare or pay dividends due April 15 on its outstanding series F convertible preferred stock. Unpaid dividends on that class of stock will accrue interest at 7 percent, compounded semi-annually.
