ATN International, Inc. (NASDAQ:ATNI) Raises Dividend to $0.29 Per Share

ATN International, Inc. (NASDAQ:ATNI) declared a quarterly dividend on Thursday, June 18th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.29 per share by the technology company on Wednesday, July 8th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, June 30th. This is a 5.5% increase from ATN International’s previous quarterly dividend of $0.28.

ATN International has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. ATN International has a payout ratio of -2,750.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect ATN International to earn $1.23 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 89.4%.

ATN International Price Performance

Shares of ATNI opened at $25.76 on Friday. The business’s 50-day moving average is $27.24 and its 200-day moving average is $25.58. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 1.16. The company has a market capitalization of $396.19 million, a price-to-earnings ratio of -26.02, a P/E/G ratio of 3.47 and a beta of 0.54. ATN International has a fifty-two week low of $13.86 and a fifty-two week high of $30.45.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.30). ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%.The company had revenue of $182.22 million for the quarter, compared to analyst estimates of $183.40 million. Equities research analysts expect that ATN International will post 0.74 EPS for the current fiscal year.

About ATN International

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.