ATN International Inc (NASDAQ:ATNI) announced a dividend on Thursday, September 19th, Fidelity reports. Investors of record on Monday, September 30th will be given a dividend of 0.17 per share by the technology company on Monday, October 7th. The ex-dividend date of this dividend is Friday, September 27th.

ATN International has decreased its dividend payment by an average of 17.0% annually over the last three years. ATN International has a dividend payout ratio of -680.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect ATN International to earn $0.17 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 400.0%.

ATNI traded up $0.68 during trading on Friday, hitting $60.40. The company had a trading volume of 63,267 shares, compared to its average volume of 63,454. The company has a market capitalization of $961.25 million, a PE ratio of 46.82 and a beta of 0.39. ATN International has a one year low of $50.48 and a one year high of $88.78. The firm’s 50-day moving average price is $56.41 and its 200 day moving average price is $58.26. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 0.17.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.06. The business had revenue of $107.72 million for the quarter, compared to analysts’ expectations of $106.51 million. ATN International had a net margin of 3.57% and a return on equity of 1.92%. Sell-side analysts forecast that ATN International will post -0.2 earnings per share for the current year.

Several equities research analysts recently commented on the stock. ValuEngine raised shares of ATN International from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. BidaskClub raised shares of ATN International from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st. Maxim Group reaffirmed a “buy” rating and issued a $71.00 price objective on shares of ATN International in a research report on Wednesday, July 24th. BWS Financial raised shares of ATN International from a “sell” rating to a “buy” rating in a research report on Monday, August 26th. Finally, Raymond James set a $64.00 price objective on shares of ATN International and gave the company an “outperform” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $72.00.

About ATN International

ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, India, Bermuda, and the Caribbean. It operates through three segments: U.S. Telecom, International Telecom, and Renewable Energy. The U.S. Telecom segment offers wireless and wireline services; wholesale wireless voice and data roaming services to wireless carriers principally in the Southwest and Midwest the United States; and retail wireless, wireline, and wholesale long-distance voice services to telecommunications carriers.

See Also: What are the benefits of buying treasury bonds?

Dividend History for ATN International (NASDAQ:ATNI)

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.