Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, October 2, 2009

Article Excerpt

ATLANTIC TELE-NETWORK, $50.19, symbol ATNI on Nasdaq, has raised its quarterly dividend by 11.1%, to $0.20 a share from $0.18. The shares now yield 1.6%. This was the company’s eleventh consecutive annual dividend increase. In June, Atlantic agreed to buy more than 800,000 wireless accounts from Verizon Wireless for $200 million in cash. The subscribers are mostly in rural areas of Georgia, North Carolina, South Carolina, Illinois, Ohio and Idaho. The deal should close by the end of this year. These new accounts will bring Atlantic’s total number of wireless subscribers above one million, up from 200,000 today, and make it one of the largest wireless carriers in the U.S. Atlantic also owns an 80% stake in Guyana Telephone and Telegraph Company (GT&T), as well as wireless interests in the Caribbean and Bermuda. Atlantic Tele-Network is still a buy. GOODYEAR TIRE & RUBBER CO., $15.35, symbol GT on New York, expects to save a total of $555 million as a result of concessions…