Hiawatha Broadband + 1st dividend
This strikes me as interesting.
Winona-based Hiawatha Broadband Communications Inc. announced Friday that it is is issuing the first dividend in its 10 year history.
It is a half-cent per share dividend to be paid Aug. 20.
HBC offers cable television, video production, Internet and telephone services in Winona, St. Charles and Wabasha. It is privately held with 24.6 million shares of stock being held.
Bob Kierlin, the founder of Fastenal and long-time state lawmaker, is the chairman of its board.
I'll have more on this soon.
A number of years back HBC wanted to come to Rochester. Our City Counsel thought it would be best to decline their request though. For some reason the counsel thought that providing Charter with a monopoly servers Rochesters citizens best. Or at least for the 10 year exclusive agreement the city signed with Charter to be the sole cable provider in the city....
Posted by: rochester citizen | July 30, 2007 at 08:25 AM
Charter offers fair prices despite no competition...don't you know that?
Posted by: Lando | July 30, 2007 at 09:27 AM
The competition for cable is satellite. That's why the cable companies got the assinine "no compete" section added in the satellite comm act.
Posted by: taxpayer | July 30, 2007 at 12:24 PM