ATN International Inc (NASDAQ:ATNI) declared a quarterly dividend on Friday, December 8th, NASDAQ reports. Shareholders of record on Sunday, December 31st will be given a dividend of 0.17 per share by the technology company on Monday, January 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, December 28th.
ATN International has increased its dividend 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 -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 $1.84 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 37.0%.
ATN International (NASDAQ ATNI) traded down $0.23 during mid-day trading on Wednesday, hitting $55.53. The company’s stock had a trading volume of 24,200 shares, compared to its average volume of 76,699. ATN International has a 1 year low of $49.50 and a 1 year high of $87.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.84. The stock has a market cap of $888.12, a P/E ratio of -88.14 and a beta of 0.61.
In other ATN International news, VP William F. Kreisher sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $54.61, for a total value of $109,220.00. Following the completion of the sale, the vice president now owns 46,722 shares of the company’s stock, valued at $2,551,488.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael T. Prior sold 7,355 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $55.36, for a total transaction of $407,172.80. Following the completion of the sale, the insider now directly owns 387,247 shares of the company’s stock, valued at approximately $21,437,993.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,534 shares of company stock valued at $765,963. 32.70% of the stock is currently owned by company insiders.
Several analysts recently weighed in on ATNI shares. BidaskClub downgraded ATN International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. TheStreet lowered ATN International from a “c” rating to a “d+” rating in a research report on Tuesday, October 31st. Sidoti lowered ATN International from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $73.00 to $57.00 in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded ATN International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, ValuEngine upgraded ATN International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $57.00.
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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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