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

ATN International, Inc. (NASDAQ:ATNI) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 4.39%.

ATN International has raised its dividend payment by an average of 12.2% per year over the last three years. ATN International has a 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. 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 2.2 %

Shares of NASDAQ:ATNI traded down $0.50 during midday trading on Thursday, reaching $21.89. The company’s stock had a trading volume of 48,761 shares, compared to its average volume of 100,350. The firm has a market capitalization of $330.85 million, a price-to-earnings ratio of -8.05 and a beta of 0.60. ATN International has a fifty-two week low of $14.74 and a fifty-two week high of $33.72. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.15 and a current ratio of 1.21. The firm has a 50 day moving average price of $17.43 and a two-hundred day moving average price of $21.81.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ATNI shares. Raymond James set a $22.00 target price on ATN International in a report on Thursday, March 6th. StockNews.com raised shares of ATN International from a “hold” rating to a “buy” rating in a research report 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.