They decided they wanted to do an acquisition so they greatly increased their dividend to use their stock for that purpose. As long as they intend to make more acquisitions the dividend will stay high. The rural telephone business will continue to consolidate and they want to be a player. As long as the dividend stays high, the price will stay high. But be careful, this is a shrinking business. They bought a company more than twice their size last year now they are crowing about the records they are setting. That is because they are comparing periods before the acquistion to after the acquisition.
Thanks for the info. I am aware of the shrinking business. The higher the dividend yield the higher the risk (whether that risk be in decrease in divy or PPS; or both). Was impressed by the run of consective quarters on keeping steady or increasing.