LUBBOCK, Texas-Sprint Nextel Corp. wireless affiliate Alamosa Holdings Inc. set a record date of Oct. 17 for the dividend payment on its 7.5-percent series B convertible preferred stock. The dividend payment will be made Oct. 31 at the annual rate of 7.5 percent of the $250 per share liquidation preference.
Alamosa noted that it has the option to pay dividends on the stock in cash; shares of its series C convertible preferred stock; shares of its normal common stock; or a combination of the three through July 31, 2008. The carrier’s board has elected to pay the Oct. 31 dividend in cash.
Alamosa’s stock was trading up 10 cents per share early Tuesday at $17.08 per share.
