ATN International, Inc. announces a 15% quarterly dividend increase, reflecting confidence in financial strength and cash flow generation.
Quiver AI Summary
ATN International, Inc. announced a 15% increase in its quarterly dividend, raising it to $0.275 per share, payable on July 7, 2025, to shareholders of record by June 30, 2025. CEO Brad Martin highlighted this decision as a reflection of the company's financial strength and anticipated cash flow. The company remains focused on leveraging investments made during its recent capital spending cycle while continuing to manage costs and improve efficiency. ATN International provides digital infrastructure and communications services mainly in rural and remote markets, including advanced connectivity and enterprise communication solutions.
Potential Positives
- The Board of Directors approved a 15% increase in the quarterly dividend to $0.275 per share, highlighting the company's commitment to returning value to shareholders.
- The dividend increase reflects the Board's confidence in ATN International's financial strength and future cash flow generation.
- The company's focus on monetizing recent investments and implementing cost management initiatives suggests a proactive approach to enhancing operational efficiency and long-term growth.
- Continued investment in infrastructure, particularly in rural and remote markets, positions ATN International to capture growing demand and potentially expand its market share.
Potential Negatives
- The press release highlights a focus on cost management and efficiency initiatives, which may imply prior inefficiencies or financial concerns that prompted the need for such measures.
- The company's emphasis on monetizing investments made during a recent strategic capital spending cycle could suggest that previous investments have not yet yielded expected returns, raising questions about their financial planning and execution.
- While the dividend increase signals confidence, it could also be viewed as a potential risk if not supported by solid financial performance, particularly in a volatile economic environment.
FAQ
What is the new quarterly dividend amount for ATN International?
ATN International has increased its quarterly dividend to $0.275 per share.
When will the new dividend be paid?
The new dividend will be payable on July 7, 2025.
Who is eligible for the dividend payment?
Stockholders of record as of June 30, 2025, will be eligible for the dividend payment.
What is the percentage increase in the dividend?
The quarterly dividend has been increased by 15%.
What is ATN International's focus in terms of market services?
ATN International focuses on providing digital infrastructure and communications services, especially in rural and remote markets.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ATNI Hedge Fund Activity
We have seen 51 institutional investors add shares of $ATNI stock to their portfolio, and 81 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UNIVERSAL- BETEILIGUNGS- UND SERVICEGESELLSCHAFT MBH added 122,300 shares (+inf%) to their portfolio in Q1 2025, for an estimated $2,483,913
- AQR CAPITAL MANAGEMENT LLC removed 110,074 shares (-83.0%) from their portfolio in Q1 2025, for an estimated $2,235,602
- MILLENNIUM MANAGEMENT LLC removed 99,973 shares (-42.8%) from their portfolio in Q1 2025, for an estimated $2,030,451
- MACQUARIE GROUP LTD removed 96,572 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $1,961,377
- GLOBAL ALPHA CAPITAL MANAGEMENT LTD. added 67,519 shares (+4.4%) to their portfolio in Q1 2025, for an estimated $1,371,310
- GSA CAPITAL PARTNERS LLP removed 67,053 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $1,127,160
- HRT FINANCIAL LP removed 53,237 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $894,913
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BEVERLY, Mass., June 20, 2025 (GLOBE NEWSWIRE) -- ATN International, Inc. (Nasdaq: ATNI) announced that its Board of Directors has approved a quarterly dividend increase of 15% to $0.275 per share. The quarterly dividend will be payable on July 7, 2025, on all common shares outstanding to stockholders of record as of June 30, 2025.
“The Board’s decision to increase the dividend at this time reflects our confidence in the company’s financial strength and future cash flow generation,” said Brad Martin, ATN’s Chief Executive Officer. “As we move forward, we remain focused on monetizing the investments made during our recent three-year strategic capital spending cycle, supported by ongoing cost management and efficiency initiatives. These efforts reinforce our commitment to disciplined capital allocation and our confidence in delivering sustained long-term value to our shareholders.”
About ATN
ATN International, Inc. (Nasdaq: ATNI), headquartered in Beverly, Massachusetts, is a provider of digital infrastructure and communications services in the United States and internationally, including the Caribbean region, with a focus on rural and remote markets with a growing demand for infrastructure investments. The Company’s operating subsidiaries today primarily provide: (i) advanced wireless and wireline connectivity to residential, business and government customers, including a range of high-speed Internet and data services, fixed and mobile wireless solutions, and video and voice services; and (ii) carrier and enterprise communications services, such as terrestrial and submarine fiber optic transport, and communications tower facilities. For more information, please visit www.atni.com .
| Contact: | ATN International, Inc. | |
| Michele Satrowsky | ||
| Vice President, | ||
| Corporate Treasurer | ||
| 978-619-1300 | ||
Source: ATN International, Inc.
