ATN International, Inc. (ATNI) To Go Ex-Dividend on September 28th
ATN International, Inc. (NASDAQ:ATNI) announced a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Stockholders of record on Saturday, September 30th will be given a dividend of 0.17 per share by the technology company on Monday, October 9th. This represents a $0.68 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, September 28th.
ATN International has increased its dividend payment by an average of 19.1% annually over the last three years and has raised its dividend annually for the last 15 consecutive years. ATN International has a payout ratio of 57.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ATN International to earn $0.28 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 242.9%.
Shares of ATN International (NASDAQ:ATNI) opened at 50.75 on Friday. ATN International has a 1-year low of $49.50 and a 1-year high of $87.82. The company has a market cap of $821.85 million, a P/E ratio of 37.87 and a beta of 0.68. The stock’s 50 day moving average price is $58.16 and its 200 day moving average price is $65.52.
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In related news, SVP Leonard Q. Slap sold 1,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $62.00, for a total value of $62,000.00. Following the completion of the sale, the senior vice president now directly owns 26,645 shares in the company, valued at $1,651,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 32.70% of the company’s stock.
Several brokerages have recently issued reports on ATNI. BidaskClub upgraded shares of ATN International from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research downgraded shares of ATN International from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. ValuEngine upgraded shares of ATN International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BWS Financial lowered their price target on shares of ATN International from $64.00 to $57.00 and set a “hold” rating for the company in a report on Monday, July 31st. Finally, Sidoti began coverage on shares of ATN International in a report on Friday, June 2nd. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. ATN International has a consensus rating of “Hold” and a consensus price target of $67.00.
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.
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