This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

ATN Declares Dividend

In c8034 sent today at 15:32e the incorrect press release was sent in error, please disregard. The correct version follows.

ATN Announces Quarterly Dividend Policy and Declares $0.02 Dividend payable on April 30, 2013

TORONTO, March 25, 2013 /CNW/ - Asian Television Network International Limited (ATN) (TSX-SAT),

The Company is pleased to announce that the Company's board of directors has adopted an updated regular quarterly dividend policy for the 2013 calendar year and has declared a dividend payable on April 30, 2013.

This policy provides that a regular quarterly dividend of $0.02 per share will to be paid on each common share of the Company on April 30th, July 31st and October 31st 2013. A dividend per share of $0.02 per share was paid on January 31, 2013.

This updated policy supersedes and replaces the policy announced on December 1, 2011 which contemplated the payment of a regular quarterly dividend for 2013 and subsequent years calculated as a percentage of the Company's earnings for the immediately prior fiscal year.

The decision to continue in 2013 the policy adopted for 2012 reflects the Company's ability to pay out in 2013 a dividend than would otherwise have been payable under the previously announced earnings based formula.

In accordance with the Company's dividend policy, the board of directors declared a quarterly dividend of $0.02 on each common share outstanding, payable, on April 30, 2013, to shareholders of record at the close of business of April 15, 2013.

The Company advises that the dividend to be paid on the common shares on April 30, 2013 are designated as an "eligible dividend" for Canadian income tax purposes.

The record date to determine those shareholders entitled to receive a dividend payment for quarterly periods subsequent to April 30, 2013 will be set in accordance with the policies of the TSX Venture Exchange, and will be announced in advance of each payment date.

The dividend policy will be reviewed periodically by the board of directors of the Company. The board of directors has the sole discretion to declare and to adjust or eliminate dividends based on relevant considerations, including the Company's need to retain capital to support its stability and growth, and compliance with applicable laws.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs