ATN International, Inc. to Issue Quarterly Dividend of $0.24 (NASDAQ:ATNI)

ATN International, Inc. (NASDAQ:ATNI) announced a quarterly dividend on Thursday, September 19th, Wall Street Journal reports. Investors of record on Monday, September 30th will be paid a dividend of 0.24 per share by the technology company on Friday, October 4th. This represents a $0.96 annualized dividend and a yield of 3.18%. The ex-dividend date is Monday, September 30th.

ATN International has increased its dividend by an average of 8.6% per year over the last three years. ATN International has a dividend payout ratio of 369.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect ATN International to earn $0.26 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 369.2%.

ATN International Stock Performance

Shares of ATN International stock opened at $30.22 on Friday. ATN International has a 12 month low of $18.20 and a 12 month high of $39.88. The firm has a market capitalization of $462.88 million, a P/E ratio of -23.25, a P/E/G ratio of 30.80 and a beta of 0.56. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.83. The business has a fifty day simple moving average of $26.46 and a two-hundred day simple moving average of $25.87.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.76. The company had revenue of $183.28 million during the quarter, compared to analysts’ expectations of $182.39 million. ATN International had a negative net margin of 0.89% and a positive return on equity of 0.12%. During the same period last year, the company posted ($0.03) EPS. On average, equities analysts forecast that ATN International will post 0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ATNI has been the subject of a number of recent research reports. StockNews.com upgraded ATN International from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. BWS Financial reiterated a “buy” rating and issued a $30.00 price target on shares of ATN International in a research note on Friday, July 26th.

About ATN International

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.