ATN International, Inc. (NASDAQ:ATNI) Announces Quarterly Dividend of $0.29

ATN International, Inc. (NASDAQ:ATNI) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Saturday, October 3rd will be paid a dividend of 0.29 per share by the technology company on Friday, October 9th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, October 2nd.

ATN International has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. ATN International has a payout ratio of -2,900.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect ATN International to earn $1.08 per share next year, which means the company may not be able to cover its $1.16 annual dividend with an expected future payout ratio of 107.4%.

ATN International Trading Down 0.7%

Shares of NASDAQ ATNI traded down $0.20 during midday trading on Thursday, reaching $28.89. 9,842 shares of the stock were exchanged, compared to its average volume of 75,740. The stock has a 50 day moving average price of $28.55 and a 200-day moving average price of $27.29. The company has a current ratio of 1.63, a quick ratio of 1.59 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $444.83 million, a P/E ratio of 2.81, a P/E/G ratio of 3.80 and a beta of 0.59. ATN International has a 52-week low of $13.86 and a 52-week high of $33.41.

About ATN International

ATN International, Inc is a telecommunications company that provides wireless and wireline communications services in rural and underserved markets. Its offerings include mobile and fixed wireless connectivity, broadband internet, voice services, fiber and enterprise connectivity, managed information technology services, wholesale telecommunications, and related infrastructure services.

The company serves customers in selected markets across the United States and the Caribbean. Its operations have included telecommunications networks and broadband services in Alaska and other rural U.S.