ATN International, Inc. (ATNI) to Issue Quarterly Dividend of $0.29 on July 8th

ATN International, Inc. (NASDAQ:ATNI) announced a quarterly dividend on Tuesday, June 16th. Investors 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 dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 5.5% increase from ATN International’s previous quarterly dividend of $0.28.

ATN International has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. ATN International has a dividend payout ratio of -2,900.0% 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 $1.16 annual dividend with an expected future payout ratio of 94.3%.

ATN International Price Performance

ATNI opened at $27.01 on Friday. The stock’s 50-day moving average price is $27.23 and its 200 day moving average price is $25.76. ATN International has a 12-month low of $13.86 and a 12-month high of $30.45. The company has a current ratio of 1.21, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01. The firm has a market cap of $415.37 million, a price-to-earnings ratio of -27.28, a PEG ratio of 3.65 and a beta of 0.54.

ATN International (NASDAQ:ATNI) last released its earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.30). The firm had revenue of $182.22 million during the quarter, compared to analyst estimates of $183.40 million. ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. As a group, sell-side analysts expect that ATN International will post 0.74 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.