ALEXANDRIA, Minn.-Rural Cellular Corp. announced that its board of directors has determined not to declare the quarterly dividend payable on its 11.375-percent senior exchangeable preferred stock and its 12.25-percent junior exchangeable preferred stock. These dividends would have been payable in cash Aug. 15 to holders of record Aug. 1.
The board elected in April not to have a quarterly dividend for the first quarter.
Rural Cellular, based in Alexandria, Minn., provides wireless communication services to markets in 14 states.
