ATN Declares Dividend
2012 APR 22 - (VerticalNews.com) -- Asian Television Network International Limited (ATN) (TSX-SAT),
In accordance with the Company's dividend policy, the board of directors declared today a dividend of $0.02 on each common share outstanding, payable, on April 30, 2012, to shareholders of record at the close of business of April 13, 2012.
The dividend policy will be reviewed periodically by the board of directors. The board of directors has the sole discretion to declare and to adjust or eliminate dividends based on relevant considerations, including the Company's need to retain capital to support its stability and growth, and compliance with applicable laws.
The Company advises that the dividend to be paid on the common shares on April 30, 2012 is designated as an "eligible dividend" for Canadian income tax purposes.
ATN serves Canada's diverse cultural communities with 34 premium specialty television channels. ATN offers its flagship general interest service, several Bollywood movie channels, and a variety of channels that include sports, news, music, lifestyle, spiritual and several regional languages. ATN is Canada's pioneer distributor of World Class Cricket. ATN operates the only South Asian Radio Service 24 hours a day on XM across The United States and Canada.
For more details on ATN visit www.asiantelevision.com
Keywords: Industry, Service Companies, Cable Television Companies.
This article was prepared by VerticalNews Internet editors from staff and other reports. Copyright 2012, VerticalNews Internet via VerticalNews.com.