ATN International, Inc. (NASDAQ:ATNI) Announces $0.24 Quarterly Dividend

ATN International, Inc. (NASDAQ:ATNI) declared a quarterly dividend on Tuesday, December 10th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.24 per share by the technology company on Wednesday, January 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date is Tuesday, December 31st.

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 -300.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect ATN International to earn ($0.32) 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 -300.0%.

ATN International Trading Down 0.2 %

NASDAQ:ATNI opened at $16.59 on Friday. The company has a market cap of $250.74 million, a P/E ratio of -6.10 and a beta of 0.60. ATN International has a twelve month low of $16.04 and a twelve month high of $39.71. The business has a 50 day moving average price of $20.92 and a two-hundred day moving average price of $24.57. The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 0.95.

Analysts Set New Price Targets

ATNI has been the subject of a number of analyst reports. StockNews.com downgraded shares of ATN International from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. BWS Financial restated a “buy” rating and issued a $30.00 price objective on shares of ATN International in a report on Friday, November 1st.

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.