Shenandoah Telecommunications Company Announces Increased Dividend of $.33

The Board of Directors of Shenandoah Telecommunications Company (Shentel)

declared a cash dividend of $0.33 per share. The dividend is an increase of $0.01 per share or 3% over the 2009 dividend. The dividend will be payable December 1, 2010, to shareholders of record on November 9, 2009. The total payout to shareholders will be approximately $7.8 million.