ATN International, Inc. to Issue Quarterly Dividend of $0.28 (NASDAQ:ATNI)

ATN International, Inc. (NASDAQ:ATNI) announced a quarterly dividend on Wednesday, March 18th. Shareholders 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) dividend on an annualized basis and a dividend yield of 4.2%. 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 increased its dividend every year for the last 3 years. ATN International has a dividend 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 Trading Down 1.5%

NASDAQ ATNI opened at $26.27 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.99. ATN International has a 1-year low of $13.76 and a 1-year high of $30.45. The firm’s fifty day simple moving average is $25.37 and its 200-day simple moving average is $20.68. The company has a market capitalization of $403.77 million, a PE ratio of -18.90, a price-to-earnings-growth ratio of 4.30 and a beta of 0.52.

ATN International (NASDAQ:ATNI) last released its quarterly earnings data on Thursday, March 5th. The technology company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. ATN International had a negative return on equity of 0.52% and a negative net margin of 2.05%.The firm had revenue of $184.22 million during the quarter, compared to analysts’ expectations of $183.60 million. As a group, sell-side analysts anticipate that ATN International will post -0.73 earnings per share for the current fiscal 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.