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

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) declared a quarterly dividend on Friday, September 20th, Wall Street Journal reports. Investors of record on Monday, September 30th will be paid a dividend of 0.24 per share by the technology company on Friday, October 4th. This represents a $0.96 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Monday, September 30th.

ATN International has increased 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. Equities research 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 Trading Up 0.9 %

NASDAQ ATNI traded up $0.27 on Friday, hitting $30.22. The company's stock had a trading volume of 248,498 shares, compared to its average volume of 116,331. The firm has a market cap of $462.88 million, a P/E ratio of -23.12, a PEG ratio of 30.80 and a beta of 0.56. ATN International has a 52-week low of $18.20 and a 52-week high of $39.88. The company's 50-day simple moving average is $26.30 and its 200 day simple moving average is $25.89. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.83.

ATN International (NASDAQ:ATNI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.76. The company had revenue of $183.28 million during the quarter, compared to analyst estimates of $182.39 million. ATN International had a positive return on equity of 0.12% and a negative net margin of 0.89%. During the same quarter last year, the firm posted ($0.03) earnings per share. Research analysts predict that ATN International will post 0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. StockNews.com raised shares of ATN International from a "hold" rating to a "buy" rating in a research note on Thursday, September 5th. BWS Financial reaffirmed a "buy" rating and issued a $30.00 price target on shares of ATN International in a research note 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.