Latest news with #Beverly
Globe and Mail
3 hours ago
- Business
- Globe and Mail
ATN Increases Dividend 15% as Part of Disciplined Capital Allocation Strategy
BEVERLY, Mass., June 20, 2025 (GLOBE NEWSWIRE) -- ATN International, Inc. (Nasdaq: ATNI) announced that its Board of Directors has approved a quarterly dividend increase of 15% to $0.275 per share. The quarterly dividend will be payable on July 7, 2025, on all common shares outstanding to stockholders of record as of June 30, 2025. 'The Board's decision to increase the dividend at this time reflects our confidence in the company's financial strength and future cash flow generation,' said Brad Martin, ATN's Chief Executive Officer. '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. These efforts reinforce our commitment to disciplined capital allocation and our confidence in delivering sustained long-term value to our shareholders.' About ATN ATN International, Inc. (Nasdaq: ATNI), headquartered in Beverly, Massachusetts, is a provider of digital infrastructure and communications services in the United States and internationally, including the Caribbean region, with a focus on rural and remote markets with a growing demand for infrastructure investments. The Company's operating subsidiaries today primarily provide: (i) advanced wireless and wireline connectivity to residential, business and government customers, including a range of high-speed Internet and data services, fixed and mobile wireless solutions, and video and voice services; and (ii) carrier and enterprise communications services, such as terrestrial and submarine fiber optic transport, and communications tower facilities. For more information, please visit Source: ATN International, Inc.
Yahoo
4 hours ago
- Business
- Yahoo
ATN Increases Dividend 15% as Part of Disciplined Capital Allocation Strategy
BEVERLY, Mass., June 20, 2025 (GLOBE NEWSWIRE) -- ATN International, Inc. (Nasdaq: ATNI) announced that its Board of Directors has approved a quarterly dividend increase of 15% to $0.275 per share. The quarterly dividend will be payable on July 7, 2025, on all common shares outstanding to stockholders of record as of June 30, 2025. 'The Board's decision to increase the dividend at this time reflects our confidence in the company's financial strength and future cash flow generation,' said Brad Martin, ATN's Chief Executive Officer. '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. These efforts reinforce our commitment to disciplined capital allocation and our confidence in delivering sustained long-term value to our shareholders.' About ATN ATN International, Inc. (Nasdaq: ATNI), headquartered in Beverly, Massachusetts, is a provider of digital infrastructure and communications services in the United States and internationally, including the Caribbean region, with a focus on rural and remote markets with a growing demand for infrastructure investments. The Company's operating subsidiaries today primarily provide: (i) advanced wireless and wireline connectivity to residential, business and government customers, including a range of high-speed Internet and data services, fixed and mobile wireless solutions, and video and voice services; and (ii) carrier and enterprise communications services, such as terrestrial and submarine fiber optic transport, and communications tower facilities. For more information, please visit Contact: ATN International, Inc. Michele Satrowsky Vice President, Corporate Treasurer 978-619-1300 Source: ATN International, Inc.
Daily Mail
9 hours ago
- Daily Mail
One dead and another injured after small plane crash outside Boston
A man has died and another has been rushed to the hospital with 'serious injuries' after a small plane crashed on a residential street in Massachusetts. Officials said a single-engine Mooney M20F aircraft hit the ground on Sam Fonzo Drive in Beverly, on the north-east outskirts of Boston, just before 9am on Thursday. Police Chief John G LeLacheur and Fire Chief Peter K. O'Connor said Beverly Police and Fire Departments responded to the incident was not far from Beverly Airport. When they arrived, first responders found two people trapped inside the four-seater piston aircraft, which had suffered 'significant damage'. 'The plane appeared to be resting against a utility pole,' Beverly Police and Fire Departments said in a joint statement released on Thursday. 'Two men were inside the plane, a pilot and a passenger. 'One occupant was pronounced dead on scene, and the other man was transported via medical helicopter to a hospital with serious injuries. 'At this time, there have been no reports of any ground injuries or additional property damage in the area.' Images from the scene show the plane laying crumpled against a utility pole, across a street surrounded by leafy woodland on either side. It appears to be upright with the wings badly damaged. The main body of the aircraft was partially destroyed by the impact. The National Transportation Safety Board (NTSB) told the Daily Mail a witness reported seeing 'black smoke come from the belly of the plane' before it went down, possibly indicating engine failure. They said they observed the plane making a 'gradual left hand descending turn' before crashing shortly afterward. Officials from the NTSB and Federal Aviation Administration (FAA) have begun investigating the crash. 'The preliminary information we have is the plane crashed under unknown circumstances,' the NTSB said in a statement. 'Once on site, the investigator will begin the process of documenting the scene and examining the aircraft. 'The aircraft will then be recovered to a secure facility for further evaluation,' the agency said, adding that a preliminary investigation will be published in two weeks. 'It's a holiday, there's not a lot of businesses open right now,' Beverly Police Chief John Lelacheur added while speaking with reporters. 'We're going to go through footage when we can with the various businesses when they open, bring some people in and then, obviously, do some follow up tomorrow.' The Daily Mail has contacted the FAA for further information. Danvers Fire Department and the Massachusetts State Police also assisted local responders at the scene. The man who died and his companion have not yet been publicly identified.
Daily Mail
a day ago
- Daily Mail
One dead and another rushed to hospital after small plane crashes on residential street outside Boston
A man has died and another has been rushed to the hospital with 'serious injuries' after a small plane crashed on a residential street in Massachusetts. Officials said a single-engine Mooney M20F aircraft hit the ground on Sam Fonzo Drive in Beverly, on the north-east outskirts of Boston, just before 9am on Thursday. Chief John G. LeLacheur and Fire Chief Peter K. O'Connor said Beverly Police and Fire Departments responded to the crash, which was not far from Beverly Airport. When they arrived, first responders found two people trapped inside the four-seater piston aircraft, which had suffered 'significant damage'. 'The plane appeared to be resting against a utility pole,' Beverly Police and Fire Departments said in a joint statement released on Thursday. 'Two men were inside the plane, a pilot and a passenger. 'One occupant was pronounced dead on scene, and the other man was transported via medical helicopter to a hospital with serious injuries. 'At this time, there have been no reports of any ground injuries or additional property damage in the area.' Images from the scene show the plane laying crumpled against a utility pole, across a street surrounded by leafy woodland on either side. It appears to be upright with the wings badly damaged. The main body of the aircraft was partially destroyed by the impact. A witness at the airport told the National Transportation Safety Board (NTSB) they saw a puff of smoke before the plane went down, possibly indicating engine failure. They said they observed the plane making a 'gradual left hand descending turn' before crashing shortly afterwards. Officials from the NTSB and Federal Aviation Administration (FAA) have begun investigating the crash. 'The preliminary information we have is the plane crashed under unknown circumstances,' the NTSB said in a statement. 'Once on site, the investigator will begin the process of documenting the scene and examining the aircraft. 'The aircraft will then be recovered to a secure facility for further evaluation,' the agency said, adding that a preliminary investigation will be published in two weeks. 'It's a holiday, there's not a lot of businesses open right now,' Beverly Police Chief John Lelacheur added while speaking with reporters. 'We're going to go through footage when we can with the various businesses when they open, bring some people in and then, obviously, do some follow up tomorrow.' The Daily Mail has contacted the FAA for further information. Danvers Fire Department and the Massachusetts State Police also assisted local responders at the scene. The man who died and his companion have not yet been publicly identified. It comes 11 days after six people died when a small plane plunged into the Pacific Ocean three miles west of Point Loma in San Diego. The 1970 Cessna 414 was headed for Phoenix and crashed soon after takeoff from San Diego Airport, having earlier flown out from Arizona. All six on board were confirmed dead by the Federal Aviation Administration on Monday morning. They included the pilot, his wife, and a father with his three sons. Audio of chatter between the pilot and Air Traffic Control explained that the plane was struggling to maintain altitude in the moments before the crash. The pilot said he was having trouble maintaining his heading and climbing, as he twice turned back out to shore after trying to fly towards the coast. He told the controller he was only 1,000ft off the water and was urged to climb to 4,000ft and land at a nearby US naval airport on Coronado Island. But the pilot said he couldn't see the airport, and soon after issued a Mayday and lost radio contact with the ground. Coast Guard recovery crews found a debris field and oil slick and searched the area in a Jayhawk helicopter, plane, cutter, and two small boats. San Diego lifeguards and Border Patrol assisted with the search and recovery of debris, but found no survivors. The National Transportation Safety Board is investigating the crash. The owner of the plane is listed by the FAA as Optimal Health Systems, a vitamin and supplements company based in Pima, Arizona. However, Douglas Grant, who founded the company with his wife Hilary Kit, said they sold the plane to private buyers in 2023. 'We personally know several of the passengers onboard and our sincerest condolences are offered to those affected by the tragedy, all of whom are incredible members of our small community,' he said in a statement. A surfer described seeing the out-of-control plane moments before the crash. 'I saw him come down at an angle. He wasn't flying straight to the ground,' Tyson Wislofsky told NBC 7. 'The next time he came out of the clouds, he went straight into the water. But after I saw this splash, about six seconds later, it was dead silent. 'I knew that they went in the water, nose first, at a high speed.'
CBS News
a day ago
- General
- CBS News
Small plane crashes on Beverly, Massachusetts street, leaving 1 dead
One person was killed and another seriously hurt when a small plane crashed onto a street Thursday morning in Beverly, Massachusetts. It happened around 8:45 a.m. on Sam Fonzo Drive, which runs alongside Beverly Regional Airport. Beverly police confirmed to WBZ-TV that one person died in the crash and a second person was rushed by ambulance to Beverly Hospital. Their condition was not immediately known. The Federal Aviation Administration said the plane involved in the crash was a Mooney M20. Video from the scene showed the heavily damaged plane in two pieces. One large portion was partially in the road, with a trail of debris near it. That part of the plane came to a rest up against a pole near the sidewalk on Sam Fonzo Drive. The second piece of the plane was in the tree line nearby. A plane crashed near Beverly Regional Airport on June 19, 2025. CBS Boston The FAA is investigating the crash along with the National Transportation Safety Board (NTSB). Beverly is a city in Essex County with a population of about 42,000 people. The city is located on the North Shore of Massachusetts, about 23 miles from Boston. Beverly Regional Airport provides services to private, business and corporate aircrafts, according its website. "Beverly Regional Airport began and remains classified in the Business Category, as a general aviation/reliever airport because we can accommodate a range of aircraft including large corporate jets," the Beverly Regional Airport website reads. No further details are currently available. This is a breaking news story that will be updated when more information is provided.
