UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 -------------

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): June 15, 2006

                                 -------------

                     Iowa Telecommunications Services, Inc.
             (Exact name of registrant as specified in its charter)

          Iowa                           001-32354              42-1490040
(State or Other Jurisdiction            (Commission           (I.R.S. Employer
     of Incorporation)                  File Number)         Identification No.)


  115 South Second Avenue West
          Newton, Iowa                                              50208
      (Address of Principal                                       (Zip Code)
       Executive Offices)

       Registrant's telephone number, including area code: (641) 787-2000

================================================================================

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]     Written communications pursuant to Rule 425 under the Securities Act
        (17 CFR 230.425)

[ ]     Soliciting material pursuant to Rule 14a-12 under the Exchange Act
        (17 CFR 240.14a-12)

[ ]     Pre-commencement communications pursuant to Rule 14d-2(b) under the
        Exchange Act (17 CFR 240.14d-2(b))

[ ]     Pre-commencement communications pursuant to Rule 13e-4(c) under the
        Exchange Act (17 CFR 240.13e-4(c))



Item 7.01 Regulation FD Disclosure.

Iowa Telecommunications Services, Inc., (NYSE: IWA) today announced its Board of
Directors has declared a quarterly dividend of $0.405 per share on Iowa
Telecommunications common stock. The dividend is payable on July 17, 2006 to
shareholders of record at the close of business on June 30, 2006. The dividend
represents the sixth full quarterly dividend payable to stockholders at the
indicated annual dividend rate of $1.62 per share.

Iowa Telecommunications Services, Inc. (d/b/a Iowa Telecom) is a
telecommunications service provider that offers local telephone, long distance,
Internet, broadband and network access services to business and residential
customers. Today, the company serves over 440 communities and employs over 600
people throughout the State of Iowa. The company's headquarters are in Newton,
Iowa. The Company trades on the New York Stock Exchange under the symbol IWA.
For further information regarding Iowa Telecom, please go to www.iowatelecom.com
and select "Investor Relations." The Iowa Telecom logo is a registered trademark
of Iowa Telecommunications Services, Inc. in the United States.

This current report may contain forward-looking statements that are not based on
historical fact, including without limitation statements containing the words
"believes," "may," "plans," "will," "estimate," "continue," "anticipates,"
"intends," "expects," and similar expressions. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that may cause
actual results, events or developments to be materially different from future
results, events or developments described in the forward-looking statements.
Such factors include those risks described in Iowa Telecom's Form 10-K on file
with the SEC. These factors should be considered carefully and readers are
cautioned not to place undue reliance on such forward-looking statements. All
information is current as of the date this press release is issued, and Iowa
Telecom undertakes no duty to update this information.


Item 9.01     Financial Statements and Exhibits.

(d)     Exhibits.

        Exhibit Number          Description of Exhibit
        --------------          ----------------------
        99.1                    Press release dated June 15, 2006.






                                   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.


Dated: June 15, 2006            Iowa Telecommunications Services, Inc.


                                By: /s/ Craig A. Knock

                                   -------------------
                                   Craig A. Knock
                                   Vice President, Chief Financial Officer
                                   and Treasurer