ATN International, Inc. (NASDAQ:ATNI) Announces Dividend Increase – $0.29 Per Share

ATN International, Inc. (NASDAQ:ATNI) declared a quarterly dividend on Thursday, June 18th. 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) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, June 30th. This is a 5.5% increase from ATN International’s previous quarterly dividend of $0.28.

ATN International has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. ATN International has a payout ratio of -2,750.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect ATN International to earn $1.23 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 89.4%.

ATN International Stock Up 0.4%

ATNI opened at $25.76 on Friday. The stock has a market cap of $396.19 million, a price-to-earnings ratio of -26.02, a price-to-earnings-growth ratio of 3.47 and a beta of 0.54. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.21. The firm’s fifty day moving average is $27.24 and its 200 day moving average is $25.58. ATN International has a fifty-two week low of $13.86 and a fifty-two week high of $30.45.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.30). The business had revenue of $182.22 million during the quarter, compared to analysts’ expectations of $183.40 million. ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%. On average, sell-side analysts forecast that ATN International will post 0.74 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.