A10 Networks, Inc. (ATEN) to Issue Quarterly Dividend of $0.06 on March 3rd

A10 Networks, Inc. (NYSE:ATEN) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.06 per share by the communications equipment provider on Monday, March 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, February 14th.

A10 Networks has increased its dividend by an average of 68.7% annually over the last three years. A10 Networks has a dividend payout ratio of 25.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect A10 Networks to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 30.4%.

A10 Networks Stock Up 0.4 %

ATEN stock opened at $20.64 on Wednesday. A10 Networks has a fifty-two week low of $12.27 and a fifty-two week high of $20.96. The firm’s 50-day simple moving average is $18.85 and its 200 day simple moving average is $15.95. The stock has a market cap of $1.52 billion, a PE ratio of 30.80 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. Equities analysts forecast that A10 Networks will post 0.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ATEN has been the subject of several recent analyst reports. StockNews.com cut shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Monday. BWS Financial reissued a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a research report on Wednesday, February 5th. Finally, Craig Hallum increased their price target on shares of A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, February 5th.

About A10 Networks

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.