Atlantic Tele-Network, Inc. (NASDAQ:ATNI) announced that its Board of Directors has declared a quarterly dividend of $0.25 per share, payable on October 10, 2012, on all common shares outstanding to stockholders of record as of September 30, 2012.
This is the fourteenth consecutive annual increase in the Company’s dividend and represents an increase of two cents, or 8.7%, in the dividend paid in the previous quarter.
Michael T. Prior, Chief Executive Officer of the Company, said, “We are pleased to continue to pass along to our stockholders the benefits of the Company’s recent and long-term cash flow and profit growth.”
About Atlantic Tele-NetworkAtlantic Tele-Network, Inc. (NASDAQ:ATNI), headquartered in Beverly, Massachusetts, provides telecommunications services to rural, niche and other under-served markets and geographies in the United States, Bermuda and the Caribbean. Through our operating subsidiaries, we provide both wireless and wireline connectivity to residential and business customers, including a range of mobile wireless solutions, local exchange services and broadband internet services and are the owner and operator of terrestrial and submarine fiber optic transport systems. For more information, please visit www.atni.com.