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

ATN International, Inc. (NASDAQ:ATNI) announced 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 5.72%. The ex-dividend date of this dividend is Tuesday, December 31st.

ATN International has raised its dividend by an average of 8.6% per year over the last three years. ATN International has a 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. 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 Stock Down 0.7 %

ATNI stock traded down $0.12 during midday trading on Thursday, hitting $16.79. The company’s stock had a trading volume of 116,257 shares, compared to its average volume of 106,125. The company’s fifty day moving average price is $23.17 and its 200 day moving average price is $24.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.21 and a quick ratio of 1.15. ATN International has a twelve month low of $16.26 and a twelve month high of $39.88. The stock has a market capitalization of $253.76 million, a P/E ratio of -6.17 and a beta of 0.60.

Wall Street Analyst Weigh In

ATNI has been the topic of several analyst reports. BWS Financial reiterated a “buy” rating and set a $30.00 target price on shares of ATN International in a report on Friday, November 1st. StockNews.com downgraded ATN International from a “buy” rating to a “hold” rating in a report 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.