Dividends give these two extra appeal

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ATLANTIC TELE-NETWORK $54.99 (Nasdaq symbol ATNI; TSINetwork Rating: Speculative) (340- 777-8000; www.atni.com; Shares outstanding: 15.8 million; Market cap: $867.3 million; Yield: 2.0%) has closed the sale of its Alltel wireless business to AT&T (symbol T on New York). Atlantic now holds cash of $594.3 million, or $37.61 a share. It has also paid off all of its debt. Atlantic bought Alltel from Verizon Wireless for just $223 million in April 2010. In the three months ended September 30, 2013, Atlantic’s revenue rose 8.2%, to $79.4 million from $73.2 million a year earlier. Excluding the gain on the Alltel sale, earnings fell sharply, to $1.6 million, or $0.10 a share, from $7.4 million, or $0.47. However, the latest earnings included $2.6 million of expenses from the Alltel deal and $10.4 million of charges related to paying off all of Atlantic’s $271.1- million long-term debt. The company now has telecom operations in the U.S. Southwest, New England, New York State, Guyana, Bermuda…