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): March 15, 2007

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                     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

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      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 April 16, 2007 to
shareholders of record at the close of business on March 30, 2007.

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 March 15, 2007.




                                   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: March 15, 2007                Iowa Telecommunications Services, Inc.

                                     By: /s/ Craig A. Knock
                                         ---------------------------------------
                                         Craig A. Knock
                                         Vice President, Chief Financial Officer
                                         and Treasurer


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