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TDS Announces Second Quarter 2011 Dividend

05/19/2011

CHICAGO, May 19, 2011 /PRNewswire via COMTEX/ --

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 2011 dividend of $.1175 per Common Share, Special Common Share and Series A Common Share. Payment will be made on June 30, 2011, to shareholders of record on June 17, 2011.

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 7.1 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 12,100 people as of March 31, 2011.

Visit www.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:

USM: www.uscellular.com

TDS Telecom: www.tdstelecom.com

SOURCE Telephone and Data Systems, Inc.

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