At TDS, we take a balanced approach to capital allocation,
investing to build our businesses for the long term, and
returning value to our shareholders.
Over the next few years, we expect to allocate approximately 75% of our available resources to build and strengthen our portfolio of businesses, primarily through acquisitions of cable and hosted and managed services companies. During 2014, our most significant investment was the acquisition of BendBroadband in
Central Oregon, a local technology leader in video and broadband, in a region with the potential for strong growth prospects. We believe adding companies like BendBroadband to our portfolio will enhance our ability to grow and improve returns over time.
At the same time, we plan to return approximately
25 percent of our available resources to our shareholders,
through cash dividends and share repurchases.
We are proud to have increased our annual dividend for 41 consecutive years—an achievement accomplished by only a handful of companies.