ATN International, Inc. (NASDAQ:ATNI) Announces 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 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Monday, September 30th.

ATN International has raised its dividend payment by an average of 8.6% annually over the last three years. ATN International has a 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. 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 traded up $0.10 on Friday, reaching $30.05. 60,435 shares of the stock were exchanged, compared to its average volume of 115,298. The business has a 50 day moving average price of $26.30 and a two-hundred day moving average price of $25.89. The firm has a market capitalization of $460.28 million, a price-to-earnings ratio of -23.08, a PEG ratio of 30.80 and a beta of 0.56. ATN International has a twelve month low of $18.20 and a twelve month high of $39.88. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.83.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of ($0.26) by $0.76. The business 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 in the previous year, the business posted ($0.03) EPS. Analysts anticipate that ATN International will post 0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com raised ATN International from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. BWS Financial reiterated a “buy” rating and issued a $30.00 price objective on shares of ATN International in a research report on Friday, July 26th.

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.