ATN International Inc (NASDAQ:ATNI) declared a dividend on Thursday, September 19th, Fidelity reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.17 per share by the technology company on Monday, October 7th. The ex-dividend date of this dividend is Friday, September 27th.

ATN International has decreased its dividend by an average of 17.0% annually over the last three years. ATN International has a dividend payout ratio of -680.0% 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 $0.17 per share next year, which means the company may not be able to cover its $0.68 annual dividend with an expected future payout ratio of 400.0%.

NASDAQ ATNI traded up $0.68 on Friday, hitting $60.40. 63,267 shares of the company’s stock were exchanged, compared to its average volume of 63,454. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.92 and a quick ratio of 1.87. The firm’s 50-day moving average price is $56.41 and its two-hundred day moving average price is $58.26. ATN International has a fifty-two week low of $50.48 and a fifty-two week high of $88.78. The firm has a market cap of $961.25 million, a price-to-earnings ratio of 46.82 and a beta of 0.39.

ATN International (NASDAQ:ATNI) last released its earnings results on Wednesday, July 24th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.06. ATN International had a return on equity of 1.92% and a net margin of 3.57%. The company had revenue of $107.72 million for the quarter, compared to analysts’ expectations of $106.51 million. On average, research analysts predict that ATN International will post -0.2 earnings per share for the current fiscal year.

Several equities analysts have issued reports on the company. Maxim Group reiterated a “buy” rating and set a $71.00 target price on shares of ATN International in a research report on Wednesday, July 24th. BWS Financial upgraded ATN International from a “sell” rating to a “buy” rating in a research report on Monday, August 26th. ValuEngine upgraded ATN International from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. BidaskClub upgraded ATN International from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st. Finally, Zacks Investment Research upgraded ATN International from a “sell” rating to a “hold” rating in a research report on Tuesday, June 25th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. ATN International currently has a consensus rating of “Buy” and a consensus price target of $72.00.

ATN International Company Profile

ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, India, Bermuda, and the Caribbean. It operates through three segments: U.S. Telecom, International Telecom, and Renewable Energy. The U.S. Telecom segment offers wireless and wireline services; wholesale wireless voice and data roaming services to wireless carriers principally in the Southwest and Midwest the United States; and retail wireless, wireline, and wholesale long-distance voice services to telecommunications carriers.

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Dividend History for ATN International (NASDAQ:ATNI)

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