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

ATN International, Inc. (NASDAQ:ATNI) declared a quarterly dividend on Tuesday, March 18th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Monday, March 31st.

ATN International has increased 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. Research 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 Price Performance

NASDAQ:ATNI opened at $21.24 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95. The firm has a fifty day simple moving average of $18.30 and a 200 day simple moving average of $21.58. The stock has a market capitalization of $328.82 million, a PE ratio of -7.81 and a beta of 0.60. ATN International has a 1-year low of $14.74 and a 1-year high of $33.72.

Analysts Set New Price Targets

ATNI has been the topic of a number of recent analyst reports. StockNews.com raised ATN International from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Raymond James set a $22.00 target price on shares of ATN International in a research report on Thursday, March 6th.

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.