Atlantic Tele-Network Board Increases Dividend 11%.SALEM, Mass. -- Atlantic Tele-Network, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ATNI ATNI Affiliated Tribes of Northwest Indians ) today announced that its Board of Directors has declared a quarterly dividend of $0.20 per share, payable on October 15, 2009, on all common shares outstanding to stockholders of record as of October 5, 2009. This represents an increase of two cents, or 11%, in the dividend paid from the previous quarter. If maintained, this equates to an annual increase of eight cents, from $0.72 per share to $0.80 per share. Michael T. Prior, Chief Executive Officer of the Company, said, "This is our eleventh consecutive annual increase in our dividend and, considering the very poor macro-economic conditions of the past year, we think this is a nice validation of our long-term approach to our operations and our balance sheet." About Atlantic Tele-Network Atlantic Tele-Network, Inc. (NASDAQ:ATNI), headquartered in Salem, Massachusetts Salem, Massachusetts locale of frenzied assault on supposed witches (1692). [Am. Hist.: Jameson, 442; Am. Lit.: The Crucible] See : Witchcraft , is a telecommunications company See telecom company. operating high quality digital wireless, wireline, and both terrestrial and submarine fiber optic networks in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and the Caribbean. Its principal subsidiaries include: Commnet Wireless, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which provides voice and data wireless roaming services for U.S. and international carriers in rural areas throughout the United States; Guyana Telephone and Telegraph Company, Limited, which is the national telephone service provider for all local, long-distance and international services in Guyana, as well as a wireless service provider; Bermuda Digital Communications Ltd., which is a leading provider of wireless voice and data services in Bermuda operating as Cellular One, and also an early-stage wireless provider in Turks & Caicos through its IslandCom subsidiary; Sovernet, Inc., which provides wireline voice and data services to businesses and homes in New England and high capacity communications network transport services in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State through its ION subsidiary; and Choice Communications, LLC, which provides wireless broadband services in the U.S. Virgin Islands. |
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