ATN International, Inc. (NASDAQ:ATNI – Get Free Report) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.24 per share by the technology company on Monday, April 7th. This represents a $0.96 annualized dividend and a yield of 4.21%.
ATN International has raised its dividend payment by an average of 12.2% annually over the last three years. ATN International has a dividend 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. Equities 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 Up 4.1 %
ATNI stock opened at $22.79 on Friday. The stock has a market capitalization of $344.45 million, a P/E ratio of -8.38 and a beta of 0.60. The company has a current ratio of 1.21, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95. ATN International has a 12 month low of $14.74 and a 12 month high of $33.72. The firm has a 50-day moving average price of $17.69 and a 200-day moving average price of $21.79.
Analysts Set New Price Targets
Read Our Latest Report on ATN International
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.
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