Atlantic Tele-Network (ATNI) Raises Quarterly Dividend 6.3% to $0.34; Approves $50M Stock Buyback

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Go back to Atlantic Tele-Network (ATNI) Raises Quarterly Dividend 6.3% to $0.34; Approves $50M Stock Buyback

ATN Board Renews Share Repurchase Authority and Increases Quarterly Dividend

September 19, 2016 9:12 AM EDT

BEVERLY, Mass., Sept. 19, 2016 (GLOBE NEWSWIRE) -- ATN (NASDAQ: ATNI) announced that its Board of Directors has authorized the repurchase of up to $50.0 million of the Companys common stock from time to time on the open market or in privately negotiated transactions.  The new authorization replaces the Companys existing $5.0 million repurchase authority adopted in 2004.

We have recently used most of what remains of our existing stock repurchase facility, said Michael Prior, ATNs Chief Executive Officer, so we thought it important to replenish our capacity and to set it at a level more consistent with our... More