Warwick Valley Telephone Company Declares Dividend


WARWICK, NY--(Marketwire - April 23, 2010) -  The Board of Directors of the Warwick Valley Telephone Company (NASDAQ: WWVY) declared a regular quarterly dividend of $0.24 per share on the Company's Common Shares. The dividend is payable on June 30, 2010 to shareholders of record as of June 21, 2010.

In addition, the Board of Directors declared the regular quarterly dividend of $1.25 per share on the outstanding 5,000 shares of the Company's 5% Preferred Shares to be paid on June 30, 2010 to shareholders of record as of June 21, 2010.

Warwick Valley Telephone Company is a full service telecommunications company operating in southern Orange County, New York and portions of central New York and northwestern New Jersey. Through its subsidiaries and affiliated companies, Warwick Valley Telephone Company offers local, long distance, Internet and video services.

Contact Information:

Contact:
Duane W. Albro
President & CEO
(845) 986-2100