ATN International, Inc. (ATNI) To Go Ex-Dividend on September 30th

ATN International, Inc. (NASDAQ:ATNI) announced a quarterly dividend on Thursday, September 19th, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be given 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 dividend 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% per year over the last three years. ATN International has a dividend 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 Stock Up 0.9 %

ATNI opened at $30.22 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.83. The stock has a market cap of $462.88 million, a price-to-earnings ratio of -23.25, a PEG ratio of 30.80 and a beta of 0.56. The company’s 50-day moving average price is $26.46 and its two-hundred day moving average price is $25.87. ATN International has a twelve month low of $18.20 and a twelve month high of $39.88.

ATN International (NASDAQ:ATNI) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.76. ATN International had a positive return on equity of 0.12% and a negative net margin of 0.89%. The firm had revenue of $183.28 million for the quarter, compared to the consensus estimate of $182.39 million. During the same quarter in the prior year, the business posted ($0.03) earnings per share. As a group, equities analysts expect that ATN International will post 0.09 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on ATNI. StockNews.com upgraded shares of ATN International from a “hold” rating to a “buy” rating in a research report 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.

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.