BEVERLY, Mass., Sept. 12, 2013 (GLOBE NEWSWIRE) -- Atlantic Tele-Network, Inc. (Nasdaq:ATNI) announced that its Board of Directors has declared a quarterly dividend of $0.27 per share, payable on October 7, 2013, on all common shares outstanding to stockholders of record as of September 30, 2013.
This is the fifteenth consecutive annual increase in the Company's dividend and represents an increase of two cents, or 8%, over the dividend paid in the previous quarter.
Michael T. Prior, Chief Executive Officer of the Company, said, "Our strategy of growing profits and building long term cash flow continues to guide our decision-making. Once again, we are pleased to pass along to our stockholders the benefits of the Company's positive track record of strong performance based on these metrics."
About Atlantic Tele-Network
Atlantic 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.
CONTACT: Atlantic Tele-Network, Inc. Justin D. Benincasa Chief Financial Officer 978-619-1300
Source:Atlantic Tele-Network, Inc.