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

ATN International, Inc. (NASDAQ:ATNI) announced 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 annualized dividend and a yield of 5.79%. The ex-dividend date is Tuesday, December 31st.

ATN International has raised 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% 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 ($0.32) 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 %

Shares of ATN International stock opened at $16.59 on Friday. The firm has a 50-day simple moving average of $20.92 and a two-hundred day simple moving average of $24.57. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.15 and a current ratio of 1.21. ATN International has a fifty-two week low of $16.04 and a fifty-two week high of $39.71. The company has a market cap of $250.74 million, a P/E ratio of -6.10 and a beta of 0.60.

Wall Street Analyst Weigh In

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

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.