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

ATN International, Inc. (NASDAQ:ATNI) declared a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid 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 5.75%. The ex-dividend date of this dividend is Tuesday, December 31st.

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 -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 1.2 %

ATNI opened at $16.70 on Friday. The company has a fifty day moving average of $22.86 and a 200-day moving average of $24.85. ATN International has a twelve month low of $16.26 and a twelve month high of $39.88. The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. The stock has a market cap of $252.40 million, a PE ratio of -6.14 and a beta of 0.60.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ATNI shares. BWS Financial reissued a “buy” rating and issued a $30.00 price target on shares of ATN International in a research note on Friday, November 1st. StockNews.com cut ATN International from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st.

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.