ATN International, Inc. (NASDAQ:ATNI) Announces Quarterly Dividend of $0.28

ATN International, Inc. (NASDAQ:ATNI) announced a quarterly dividend on Monday, June 23rd, investing.com reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.275 per share by the technology company on Monday, July 7th. This represents a $1.10 annualized dividend and a dividend yield of 6.71%. The ex-dividend date is Monday, June 30th. This is a 14.6% increase from ATN International’s previous quarterly dividend of $0.24.

ATN International has a dividend payout ratio of -2,400.0% meaning 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 Stock Performance

ATN International stock opened at $16.40 on Tuesday. The company has a market capitalization of $249.61 million, a PE ratio of -7.10 and a beta of 0.62. The company has a 50 day moving average price of $15.82 and a 200-day moving average price of $17.09. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.16. ATN International has a fifty-two week low of $13.76 and a fifty-two week high of $33.72.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.47). The business had revenue of $179.29 million for the quarter, compared to analysts’ expectations of $178.67 million. ATN International had a negative net margin of 4.03% and a positive return on equity of 1.27%. As a group, equities analysts forecast that ATN International will post -0.73 earnings per share for the current year.

Institutional Investors Weigh In On ATN International

An institutional investor recently bought a new position in ATN International stock. Strs Ohio acquired a new stake in shares of ATN International, Inc. (NASDAQ:ATNI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,800 shares of the technology company’s stock, valued at approximately $138,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ATNI has been the topic of several research reports. Raymond James Financial set a $22.00 price objective on shares of ATN International in a report on Thursday, March 6th. Wall Street Zen raised shares of ATN International from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th.

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.