ATN International, Inc. (ATNI) to Issue Quarterly Dividend of $0.28 on April 10th

ATN International, Inc. (NASDAQ:ATNI) declared a quarterly dividend on Tuesday, March 17th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.275 per share by the technology company on Friday, April 10th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 31st.

ATN International has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. ATN International has a payout ratio of -2,750.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect ATN International to earn ($0.32) per share next year, which means the company may not be able to cover its $1.10 annual dividend with an expected future payout ratio of -343.8%.

ATN International Price Performance

ATN International stock opened at $27.83 on Friday. The stock has a market capitalization of $427.69 million, a P/E ratio of -20.02, a P/E/G ratio of 4.49 and a beta of 0.52. ATN International has a 12-month low of $13.76 and a 12-month high of $30.45. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.25 and a quick ratio of 1.19. The firm’s 50-day moving average is $26.10 and its two-hundred day moving average is $21.22.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings data on Thursday, March 5th. The technology company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $184.22 million during the quarter, compared to analyst estimates of $183.60 million. ATN International had a negative net margin of 2.05% and a negative return on equity of 0.52%. Equities analysts predict that ATN International will post -0.73 earnings per share for the current year.

ATN International Company Profile

ATN International, Inc (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.