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

ATN International, Inc. (NASDAQ:ATNI) announced a quarterly dividend on Friday, September 20th, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.24 per share by the technology company on Friday, October 4th. This represents a $0.96 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Monday, September 30th.

ATN International has raised its dividend payment by an average of 8.6% per year over the last three years. ATN International has a dividend payout ratio of 369.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Trading Up 0.9 %

ATNI stock opened at $30.22 on Friday. The company has a market capitalization of $462.88 million, a PE ratio of -23.25, a price-to-earnings-growth ratio of 30.80 and a beta of 0.56. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.04 and a current ratio of 1.10. ATN International has a one year low of $18.20 and a one year high of $39.88. The company’s 50 day moving average price is $26.46 and its two-hundred day moving average price is $25.87.

ATN International (NASDAQ:ATNI) last issued its earnings results on Wednesday, July 24th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate 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 positive return on equity of 0.12% and a negative net margin of 0.89%. During the same period in the prior year, the business posted ($0.03) EPS. As a group, analysts predict that ATN International will post 0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. BWS Financial reaffirmed a “buy” rating and set a $30.00 price objective on shares of ATN International in a research report on Friday, July 26th. StockNews.com raised ATN International from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

ATN International Company Profile

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.