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September 24, 2008
Atlantic Tele-Network Board Increases Dividend 12.5%
Atlantic Tele-Network keeps rolling along - the stock has hardly suffered, even in this market. Today they announced another increase in their dividend:
SALEM, Mass.--(BUSINESS WIRE)--Atlantic Tele-Network, Inc. (NASDAQ:ATNI - News) today announced that its Board of Directors has declared a quarterly dividend of $0.18 per share, payable on October 14, 2008, on all common shares outstanding to stockholders of record as of October 2, 2008. This represents an increase of two cents, or 12.5%, in the dividend paid from the previous quarter. If maintained, this equates to an annual increase of eight cents, from $0.64 per share to $0.72 per share.Michael T. Prior, Chief Executive Officer of the Company, said, "We are very pleased to have reached this milestone of our tenth consecutive annual increase in our dividend. Our entire team is proud of our track record of delivering both current income and capital appreciation to our shareholders."
About Atlantic Tele-Network
Atlantic Tele-Network, Inc. (NASDAQ: ATNI - News) is a telecommunications company headquartered in Salem, Massachusetts. Its principal subsidiaries include: Guyana Telephone and Telegraph Company, Limited, which is the national telephone service provider for all local, long-distance and international service, as well as a wireless service provider, in Guyana; Commnet Wireless, LLC, which provides voice and data wireless roaming services for U.S. and international carriers in rural areas throughout the United States; Bermuda Digital Communications Ltd., which, under the Cellular One name, is the leading provider of wireless voice and data services in Bermuda; Sovernet, Inc., which provides wireline voice and data services to businesses and homes in New England; and Choice Communications, LLC, which provides wireless television and wireless broadband services in the U.S. Virgin Islands.
