CONCORD,Telecommunications provider CT Communications (Nasdaq: CTCI) said Monday morning that it is extending its stock repurchase plan for an additional year. The repurchase plan was launched two years ago, and permits the repurchase of 1 million of some 18.7 million outstanding shares.
The company also declared a dividend of 6Â½ cents a share effective June 3.
CT stock was trading down 22 cents, to $9.55, this morning.
CT Communications: www.ctc.net