ATN International, Inc. (NASDAQ:ATNI) Declares Quarterly Dividend of $0.29

ATN International, Inc. (NASDAQ:ATNI – Get Free Report) declared a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Saturday, October 3rd will be given a dividend of 0.29 per share by the technology company on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, October 2nd.

ATN International has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. ATN International has a payout ratio of -2,900.0% 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 $1.08 per share next year, which means the company may not be able to cover its $1.16 annual dividend with an expected future payout ratio of 107.4%.

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ATN International Stock Performance

Shares of ATNI traded down $0.20 during trading hours on Thursday, hitting $28.89. The stock had a trading volume of 9,842 shares, compared to its average volume of 75,740. The firm has a 50-day moving average price of $28.55 and a 200 day moving average price of $27.29. ATN International has a fifty-two week low of $13.86 and a fifty-two week high of $33.41. The firm has a market capitalization of $444.83 million, a price-to-earnings ratio of 2.81, a PEG ratio of 3.80 and a beta of 0.59. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 1.63.

Analyst Upgrades and Downgrades

ATNI has been the subject of a number of research reports. Zacks Research raised shares of ATN International from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Wall Street Zen lowered shares of ATN International from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Weiss Ratings raised ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, ATN International has a consensus rating of “Hold”.

View Our Latest Stock Report on ATNI

About ATN International

(Get Free Report)

ATN International, Inc is a telecommunications company that provides wireless and wireline communications services in rural and underserved markets. Its offerings include mobile and fixed wireless connectivity, broadband internet, voice services, fiber and enterprise connectivity, managed information technology services, wholesale telecommunications, and related infrastructure services.

The company serves customers in selected markets across the United States and the Caribbean. Its operations have included telecommunications networks and broadband services in Alaska and other rural U.S.

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