ATN International, Inc. (ATNI) to Issue Quarterly Dividend of $0.29 on October 9th

ATN International, Inc. (NASDAQ:ATNI) announced a quarterly dividend on Wednesday, September 23rd. Investors of record on Saturday, October 3rd will be given a dividend of $0.29 per share by the technology company on Friday, October 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, October 2nd.

ATN International has increased its dividend by an average of 0.1%annually 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% 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 $1.08 per share next year, which means the company may not be able to cover its $1.16 annual dividend with an expected future payout ratio of 107.4%.

ATN International Stock Performance

ATNI stock opened at $29.14 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.68. ATN International has a twelve month low of $13.86 and a twelve month high of $33.41. The business’s fifty day moving average is $28.65 and its 200-day moving average is $27.33. The company has a market cap of $448.76 million, a P/E ratio of 2.83, a price-to-earnings-growth ratio of 3.80 and a beta of 0.59.

ATN International Company Profile

ATN International, Inc is a telecommunications company that provides wireless and wireline communications services in rural and underserved markets. Its offerings include mobile and fixed wireless connectivity, broadband internet, voice services, fiber and enterprise connectivity, managed information technology services, wholesale telecommunications, and related infrastructure services.

The company serves customers in selected markets across the United States and the Caribbean. Its operations have included telecommunications networks and broadband services in Alaska and other rural U.S.