TDS Announces Second Quarter 2010 Dividend

CHICAGO, May 27 /PRNewswire-FirstCall/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS, TDS.S), a leading provider of telecommunications services, has declared a second quarter 2010 dividend of $.1125 per Common Share, Special Common Share and Series A Common Share.  Payment will be made on June 30, 2010, to shareholders of record on June 16, 2010.

TDS has increased its dividend on the common stock every year since 1974.

About TDS

Telephone and Data Systems, Inc. (TDS), a Fortune 500® company, provides wireless, local and long-distance telephone, and broadband services to approximately 7.3 million customers in 36 states through its business units, U.S. Cellular (wireless) and TDS Telecom (wireline). Founded in 1969 and headquartered in Chicago, TDS employed 12,300 people as of March 31, 2010.

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SOURCE Telephone and Data Systems, Inc.