TORONTO, March 18 /CNW/ - Asian Television Network International
Limited (ATN) (TSX: SAT),
The board of directors adopted today a dividend policy for 2011 which
contemplates the payment of semi-annual dividends in May and November
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.
In accordance with its dividend policy for 2011, the board of directors
declared today a dividend of $0.02 on each common share outstanding, payable, on May 4th2011, to shareholders of record at the close of business of April 15th 2011.
The Company advises that the dividend to be paid on the common shares on
May 4th, 2011 is designated as an "eligible dividend" for Canadian income tax
ATN serves Canada's diverse cultural communities with 33 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 largest distributor of World Class
Cricket including ICC World Cup ATN operates the only South Asian Radio
Service 24 hours a day on XM across The United States and Canada.
A Canadian-owned public company, ATN was recently selected as a TSX
Venture 50 company and is a Business Excellence Award winner from the
Newmarket Chamber of Commerce. The Founder of ATN was a 2010 Ernst &
Young Entrepreneur of the Year Award finalist, and has been inducted to
the Canadian Broadcast Hall of Fame. ATN created history by delivering
more than 100 hours of live coverage in six languages on seven channels
across Canada for the 2010 Winter Olympic Games. For more details on
ATN visit www.asiantelevision.com
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or accuracy of this release.
We rely on safe harbour provision.
SOURCE Asian Television Network International Limited
For further information:
B. Fulton CA CFO
Asian Television Network International Limited
Newmarket, Ontario L3Y 5S9