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BEVERLY, Mass. - ATN International, Inc. (NASDAQ:ATNI) announced Friday a 15% increase in its quarterly dividend to $0.275 per share, according to a press release statement. The company has maintained dividend payments for 28 consecutive years, with InvestingPro data showing a current dividend yield of 6.22%.
The dividend will be payable on July 7, 2025, to stockholders of record as of June 30, 2025.
Brad Martin, ATN’s Chief Executive Officer, attributed the dividend increase to confidence in the company’s financial strength and future cash flow generation.
"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," Martin said.
ATN International, headquartered in Beverly, Massachusetts, provides digital infrastructure and communications services in the United States and internationally, with particular focus on rural and remote markets.
The company’s operating subsidiaries provide wireless and wireline connectivity services to residential, business and government customers, including internet, data, wireless solutions, and video and voice services. They also offer carrier and enterprise communications services, such as fiber optic transport and communications tower facilities.
In other recent news, ATN International Inc. reported its first-quarter results for 2025, revealing a challenging start to the year. The company posted a net loss of $8.9 million, or $0.69 per share, which was significantly worse than analysts’ forecasted loss of $0.21 per share. Revenue also fell short, coming in at $94.5 million compared to the expected $180.71 million. Despite these setbacks, ATN’s adjusted EBITDA increased by 2% year-over-year to $44.3 million, reflecting some operational efficiencies. The company’s cash from operations rose by 55% to $35.9 million, and it ended the quarter with $97.3 million in cash reserves.
ATN International is focusing on broadband expansion and infrastructure projects, with a substantial portion of its $370 million government-funded projects expected to be completed in 2025. The company reaffirmed its 2025 outlook, anticipating revenue to align with 2024 levels, excluding construction revenue, and adjusted EBITDA to remain flat. CEO Brad Martin emphasized the company’s strategic focus on operational performance and long-term strategy amid a transitional year. Additionally, the company is monitoring trade and tariff impacts, which could affect supply chain dynamics.
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