ATN International, Inc. (NASDAQ:ATNI) to Issue Quarterly Dividend of $0.21

ATN International, Inc. (NASDAQ:ATNI) declared a quarterly dividend on Thursday, September 14th, Zacks reports. Shareholders of record on Saturday, September 30th will be given a dividend of 0.21 per share by the technology company on Friday, October 6th. This represents a $0.84 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, September 28th.

ATN International has raised its dividend by an average of 1.9% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. ATN International has a payout ratio of 420.0% 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 ($0.06) per share next year, which means the company may not be able to cover its $0.84 annual dividend with an expected future payout ratio of -1,400.0%.

ATN International Trading Down 0.3 %

NASDAQ ATNI opened at $34.06 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.95 and a current ratio of 1.03. The company has a market capitalization of $531.34 million, a price-to-earnings ratio of -37.84 and a beta of 0.32. The company’s 50-day simple moving average is $36.02 and its two-hundred day simple moving average is $37.83. ATN International has a one year low of $32.16 and a one year high of $50.27.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.13. ATN International had a negative return on equity of 1.05% and a negative net margin of 1.24%. The business had revenue of $186.44 million for the quarter, compared to the consensus estimate of $189.83 million. Equities analysts forecast that ATN International will post -0.57 EPS for the current fiscal year.

Institutional Trading of ATN International

Several large investors have recently bought and sold shares of ATNI. BNP Paribas Arbitrage SNC lifted its holdings in ATN International by 60.8% in the third quarter. BNP Paribas Arbitrage SNC now owns 6,061 shares of the technology company’s stock valued at $234,000 after acquiring an additional 2,292 shares during the period. Keeley Teton Advisors LLC purchased a new stake in ATN International in the 1st quarter worth approximately $247,000. MetLife Investment Management LLC boosted its stake in shares of ATN International by 39.7% during the 1st quarter. MetLife Investment Management LLC now owns 6,641 shares of the technology company’s stock worth $265,000 after acquiring an additional 1,887 shares in the last quarter. Credit Suisse AG boosted its stake in shares of ATN International by 33.6% during the 4th quarter. Credit Suisse AG now owns 10,205 shares of the technology company’s stock worth $462,000 after acquiring an additional 2,568 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of ATN International by 6.4% during the 1st quarter. Rhumbline Advisers now owns 34,755 shares of the technology company’s stock worth $1,422,000 after acquiring an additional 2,101 shares in the last quarter. Hedge funds and other institutional investors own 66.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ATNI. StockNews.com upgraded ATN International from a “hold” rating to a “buy” rating in a report on Friday. Raymond James cut their price objective on shares of ATN International from $46.00 to $43.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th.

About ATN International

ATN International, Inc, through its subsidiaries, provides telecommunications services to retail and business customers worldwide. The company operates through International Telecom and US Telecom segments. It offers mobile, data, and voice services; handsets and accessories; high-speed broadband, voice, video, and fixed services, as well as fiber broadband and managed IT services; wholesale roaming, site maintenance, and international long-distance services, as well as leases critical network infrastructure, including towers and transport facilities; and information technology services, such as network, application, infrastructure, and hosting services.