Q3 2019 Earnings Call
Good morning, everyone welcome to the Shannon duly Telecom Communications third quarter 2019 earnings Conference call. Today's conference is being recorded at this time I'd like to turn the conference over to Mr., John That's it I M S and Investor Relations for Shentel.
Good morning, and thank you for joining us the purpose of today's calls to review should until results for the third quarter ended September Thirtyth 2017 results were announcing a press release distributor.
It's coordinator will be with you momentarily. Thank you.
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8 million.
Highlighting our commitment to shareholder returns earlier this.
Our board of directors approved a cash dividend of 20.
Nine cents per share this reflects a 7.4.
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It's an increase over the prior year and marks the seventh consecutive year of an annual increase it is also syntels 59th consecutive year of dividend payments.
In addition to the cash dividend our board authorized 80 million for our first share repurchase program. We expect this program to execute over the next 12 months as market conditions warrant.
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Third quarter, we've continued to execute on our growth strategies, we had record wireless postpaid net additions of approximately 11007 hundreds in the quarter.
This week, we launched in Harrisburg, Virginia, our fiber to the homes business that we have branded glow fiber.
Both of these milestones are leading indicators of the long term growth, we expect in the coming years.
Dave will speak in more detail about our operating results later in the call.
Despite the.
He's recent achievements the continuing dispute over the travel FEIBA sprint has significantly contributed to uneven financial results this quarter.
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As we discussed during our last Darren.