A10 Networks, Inc. (NYSE:ATEN) Plans $0.06 Quarterly Dividend

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.06 per share by the communications equipment provider on Monday, December 2nd. This represents a $0.24 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Monday, November 18th.

A10 Networks has a payout ratio of 27.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect A10 Networks to earn $0.75 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 32.0%.

A10 Networks Stock Up 4.8 %

Shares of NYSE ATEN traded up $0.74 during trading on Friday, reaching $16.20. 982,763 shares of the stock were exchanged, compared to its average volume of 331,094. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 27.46 and a beta of 1.11. The business's 50-day moving average price is $14.23 and its 200 day moving average price is $14.10. A10 Networks has a twelve month low of $11.67 and a twelve month high of $16.46.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ATEN shares. StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th. Craig Hallum cut A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 price target on the stock. in a research note on Friday.

About A10 Networks

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.