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

ATN International, Inc. (NASDAQ:ATNI) declared a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.24 per share by the technology company on Wednesday, January 8th. This represents a $0.96 annualized dividend and a yield of 5.72%. The ex-dividend date is Tuesday, December 31st.

ATN International has increased its dividend by an average of 8.6% per year over the last three years. ATN International has a 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. 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

Shares of NASDAQ ATNI traded down $0.12 during trading on Thursday, reaching $16.79. The company had a trading volume of 116,257 shares, compared to its average volume of 106,125. ATN International has a 52 week low of $16.26 and a 52 week high of $39.88. 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 business’s 50 day moving average price is $23.17 and its 200-day moving average price is $24.90. The stock has a market cap of $253.76 million, a PE ratio of -6.17 and a beta of 0.60.

Analysts Set New Price Targets

Several research analysts recently weighed in on ATNI shares. StockNews.com lowered shares of ATN International from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. BWS Financial reissued a “buy” rating and issued a $30.00 price target on shares of ATN International in a report on Friday, November 1st.

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.