Atlantic Tele-Network(NASDAQ:ATNI) Declares Dividend of $0.3400.

Atlantic Tele-Network (NASDAQ:ATNI) had declared a cash dividend of $0.3400 on Sep 19, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 19, 2016 share price, the yield comes out to be 2.0773%. The dividend payable date has been fixed on Oct 7, 2016.

In a different note, Drexel Hamilton said it Initiates Coverage on Atlantic Tele-Network, according to a research note issued on Jun 22, 2016. The shares have been rated ‘Buy’ by the firm.

Atlantic Tele-Network (ATNI) made into the market gainers list on Thursdays trading session with the shares advancing 0.87% or 0.58 points. Due to strong positive momentum, the stock ended at $67.45, which is also near the day’s high of $67.51. The stock began the session at $67.13 and the volume stood at 72,066 shares. The 52-week high of the shares is $83.8 and the 52 week low is $62.7. The company has a current market capitalization of $1,089 M and it has 1,61,51,535 shares in outstanding.

Atlantic Tele-Network(ATNI) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $99.99M. Analysts had an estimated revenue of $94.67M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.08.

Several Insider Transactions has been reported to the SEC. On Aug 10, 2016, William F Kreisher (Senior VP, Corporate Dev) purchased 1,446 shares at $66.48 per share price.Also, On Aug 4, 2016, Martin L Budd (director) purchased 353 shares at $70.36 per share price.On Jul 13, 2016, Michael T Prior (President and CEO) sold 531 shares at $80.46 per share price, according to the Form-4 filing with the securities and exchange commission.

Atlantic Tele-Network Inc. is a holding company. Through its operating subsidiaries the Company provides wireless and wireline telecommunications services; owns and operates commercial distributed generation solar power systems and owns and operates terrestrial and submarine fiber optic transport systems. It operates in five segments: U.S. Wireless International Integrated Telephony Island Wireless U.S. Wireline and Renewable Energy. U.S. Wireless provides wholesale wireless voice and data roaming services in rural markets to national regional local and selected international wireless carriers. Island Wireless segment provides wireless voice and data service to retail and business customers in Bermuda. International Integrated Telephony segment includes wireless telephone service. U.S. Wireline segment provides integrated voice and broadband data communications and wholesale transport services. Renewable Energy Services provides distributed generation solar power services.

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