OTT - another dividend play

[mrmarket]

OTT...no, not Mel Ott, it's Otelco, the phone company:

ONEONTA, Ala.--(BUSINESS WIRE)--Otelco Inc. (NASDAQ: OTT - News)(TSX: OTT.un - News), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire and West Virginia, today announced that its Board of Directors has declared a distribution of $0.42 per Income Deposit Security (each an “IDS”), which will be made on June 30, 2010, to holders of record at the close of business on June 15, 2010. The distribution represents the twenty-second consecutive quarterly distribution since the company completed its initial public offering in December 2004.

Right now it's at 10% and they seem committed to maintain it.

[billyjoe]

Mr.Market,
Vectorvest has OTT rated a "hold" with projected 3 year earnings at -10%, sales at 1% and dividend safety of 0.

----------billy

[TPMIV]

dividend

check out NLY

I own, pays 15.33 %

[mrmarket]

OTT...no, not Mel Ott, it's Otelco, the phone company:

ONEONTA, Ala.--(BUSINESS WIRE)--Otelco Inc. (NASDAQ: OTT - News)(TSX: OTT.un - News), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire and West Virginia, today announced that its Board of Directors has declared a distribution of $0.42 per Income Deposit Security (each an “IDS”), which will be made on June 30, 2010, to holders of record at the close of business on June 15, 2010. The distribution represents the twenty-second consecutive quarterly distribution since the company completed its initial public offering in December 2004.

Right now it's at 10% and they seem committed to maintain it.

Stock ended up doing ok..but dividend is D E D.

[peanuts]

Stock ended up doing ok..but dividend is D E D.

Men In Tights reference? awesome