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Item 8.01 Other Events.

On Monday, August 25, 2008 Warwick Valley Telephone Company (the "Company") issued a press release indicating that the Board of Directors had declared a regular quarterly dividend of $0.20 per share on the Company's Common Shares and a regular quarterly dividend of $1.25 per share on the outstanding 5,000 shares of the Company's 5% Preferred Shares. These dividends are payable on September 30, 2008 to shareholders of record as of September 20, 2008. The Company's press release is filed herewith as Exhibit 99.1.





Item 9.01 Financial Statements and Exhibits.

99.1 Press release entitled, "Warwick Valley Telephone Company Declares Dividend," dated August 25, 2008.





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    Warwick Valley Telephone Company
          
August 25, 2008   By:   Duane W. Albro
       
        Name: Duane W. Albro
        Title: President and Chief Executive Officer

Exhibit Index


     
Exhibit No.   Description
 
99.1
  Warwick Valley Telephone Company Declares Dividend