ATN International Inc (NASDAQ:ATNI) declared a quarterly dividend on Tuesday, March 13th, Wall Street Journal reports. Stockholders of record on Saturday, March 31st will be paid a dividend of 0.17 per share by the technology company on Friday, April 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Wednesday, March 28th.
ATN International has increased its dividend payment by an average of 2.7% annually over the last three years. ATN International has a payout ratio of -73.1% 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 $0.11 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 618.2%.
Shares of ATN International (NASDAQ:ATNI) traded down $0.69 during trading on Tuesday, hitting $59.11. 139,027 shares of the stock were exchanged, compared to its average volume of 96,864. The firm has a market cap of $965.53, a PE ratio of 30.51 and a beta of 0.49. ATN International has a fifty-two week low of $49.50 and a fifty-two week high of $74.96. The company has a quick ratio of 2.03, a current ratio of 2.12 and a debt-to-equity ratio of 0.17.
In other news, SVP Leonard Q. Slap sold 1,396 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $62.00, for a total transaction of $86,552.00. Following the transaction, the senior vice president now directly owns 26,572 shares of the company’s stock, valued at approximately $1,647,464. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP William F. Kreisher sold 8,264 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $60.17, for a total transaction of $497,244.88. Following the transaction, the vice president now directly owns 38,458 shares in the company, valued at $2,314,017.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,428 shares of company stock worth $1,078,420. Corporate insiders own 32.70% of the company’s stock.
Several brokerages have issued reports on ATNI. BidaskClub raised shares of ATN International from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 6th. ValuEngine cut shares of ATN International from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. TheStreet raised shares of ATN International from a “d+” rating to a “c-” rating in a research note on Monday, January 8th. Finally, Sidoti raised shares of ATN International from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. ATN International presently has a consensus rating of “Hold” and an average price target of $63.50.
WARNING: This piece was originally published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3260104/atn-international-inc-atni-plans-0-17-quarterly-dividend.html.
About ATN International
ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.
Receive News & Ratings for ATN International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATN International and related companies with MarketBeat.com's FREE daily email newsletter.