BURNABY, BC, Jan. 2, 2014 /CNW/ - GLENTEL Inc.'s (TSX: GLN) Board of Directors announces the declaration of an eligible quarterly dividend in the amount of $0.13 per share, for shareholders of record on Friday, January 10, 2014, payable on Thursday, January 23, 2014. "We are pleased to announce this quarterly dividend increase of $0.005 per share," stated Thomas Skidmore, GLENTEL's President and Chief Executive Officer. "On an annualized basis, GLENTEL's dividend increases to $0.52 per share from $0.50 per share, a 4% increase." About GLENTEL Based in Burnaby, BC, Canada, GLENTEL (TSX: GLN) celebrated its 50(th) anniversary in 2013. GLENTEL is the largest independent multi-carrier mobile phone retailer in Canada and Australia. In the United States, GLENTEL operates two of the six National Premium Retailers for Verizon Wireless. GLENTEL is a leading provider of innovative and reliable wireless communications services and solutions, offering a choice of network carrier and wireless or mobile products to consumers and commercial customers. GLENTEL's brands - GLENTEL Wireless Solutions, WIRELESSWAVE, WAVE SANS FIL, Tbooth wireless, la cabine T sans fil, WIRELESS etc…, SANS FIL etc…, Mac Station, iStation, Diamond Wireless, Wireless Zone, and Allphones - span four countries and three continents. The Company employs over 4,300 employees and operates more than 1,400 locations, including more than 470 locations in Canada - located in retail malls, Costco Wholesale stores, Target retail stores, and business centres; more than 760 corporate, franchise, and BJ's Wholesale Inc. kiosk retail locations in the United States; and more than 170 retail locations in Australia and the Philippines. NO STOCK EXCHANGE, SECURITIES COMMISSION, OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. For a copy of GLENTEL's annual report or for additional information, visit www.glentel.com or www.sedar.com. SOURCE Glentel Inc. Investor Relations Contact: Jas Boparai, Chief Financial Officer GLENTEL Inc. firstname.lastname@example.org Media Contact: Lois Grierson GLENTEL Inc. email@example.com To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2014/02/c6966.html CO: Glentel Inc. ST: British Columbia NI: TLS DIV -0- Jan/02/2014 13:00 GMT
GLENTEL Inc. increases its quarterly dividend
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