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

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Investors of record on Monday, March 31st will be paid a dividend of 0.24 per share by the technology company on Monday, April 7th. This represents a $0.96 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Monday, March 31st.

ATN International has increased its dividend payment by an average of 12.2% annually 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 4.5 %

Shares of ATN International stock traded down $1.03 during trading hours on Monday, reaching $21.76. 88,199 shares of the company's stock were exchanged, compared to its average volume of 100,649. ATN International has a 52-week low of $14.74 and a 52-week high of $33.72. The company has a fifty day moving average of $17.69 and a 200-day moving average of $21.71. The company has a current ratio of 1.21, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $336.87 million, a price-to-earnings ratio of -8.00 and a beta of 0.60.

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Analysts Set New Price Targets

ATNI has been the topic of several research analyst reports. Raymond James set a $22.00 target price on shares of ATN International in a research report on Thursday, March 6th. StockNews.com raised shares of ATN International from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th.

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.