TDS declares 42nd consecutive year of dividend increases; Increases dividend rate 5 percent

CHICAGO, Feb. 19, 2016 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS), a leading provider of telecommunications services, has declared a first quarter 2016 dividend of $0.148 per Common Share and Series A Common Share. Payment will be made on March 31, 2016, to shareholders of record as of March 17, 2016.

About TDSTelephone and Data Systems, Inc. (TDS), a Fortune 1000™ company, provides wireless; broadband, video and voice; and hosted and managed services to approximately 6.1 million customers nationwide through its businesses, U.S. Cellular, TDS Telecom, OneNeck IT Solutions, and BendBroadband. Founded in 1969 and headquartered in Chicago, TDS employed 10,400 people as of Dec. 31, 2015.

Visit investors.teldta.com for comprehensive financial information, including earnings releases, quarterly and annual filings, shareholder information, and more. Find us at facebook.com/telephoneanddatasystems. Follow us on twitter.com/tdscorporate. For more information about our subsidiaries, visit their websites at:

TDS: www.tdsinc.comU.S. Cellular: www.uscellular.comTDS Telecom: www.tdstelecom.comOneNeck IT Solutions: www.oneneck.com

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SOURCE Telephone and Data Systems, Inc.