ATN International, Inc. (NASDAQ:ATNI) to Issue Quarterly Dividend of $0.28

Key Points

• ATN International, Inc. declared a quarterly dividend of $0.28 per share, scheduled to be paid on October 7th to investors of record by September 30th.
• The company has a concerning payout ratio of -2,400.0% indicating it cannot sustain its dividend from earnings alone, relying on its balance sheet for payments.
• In its last earnings report, ATN International missed consensus estimates with an EPS of (−$0.24) and revenue of $181.30 million, below expectations of $184.67 million.

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) announced a quarterly dividend on Thursday, September 18th, RTT News reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.275 per share by the technology company on Tuesday, October 7th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Tuesday, September 30th.

ATN International has a payout ratio of -2,400.0% 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 ($0.32) per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of -300.0%.

ATN International Stock Up 1.0%

NASDAQ ATNI traded up $0.16 during trading on Monday, reaching $15.38. 4,638 shares of the company's stock were exchanged, compared to its average volume of 57,784. ATN International has a fifty-two week low of $13.76 and a fifty-two week high of $33.72. The firm has a market capitalization of $234.62 million, a PE ratio of -4.56 and a beta of 0.70. The company has a current ratio of 1.22, a quick ratio of 1.16 and a debt-to-equity ratio of 1.00. The company's fifty day simple moving average is $16.46 and its 200-day simple moving average is $17.07.

ATN International (NASDAQ:ATNI - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.17). The firm had revenue of $181.30 million for the quarter, compared to analyst estimates of $184.67 million. ATN International had a negative net margin of 6.26% and a negative return on equity of 0.61%. ATN International has set its FY 2025 guidance at EPS. Sell-side analysts predict that ATN International will post -0.73 EPS for the current year.

Institutional Investors Weigh In On ATN International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its holdings in ATN International by 4,208.3% in the 1st quarter. Versant Capital Management Inc now owns 1,551 shares of the technology company's stock worth $32,000 after purchasing an additional 1,515 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in ATN International by 357.2% in the 1st quarter. Russell Investments Group Ltd. now owns 4,229 shares of the technology company's stock worth $86,000 after purchasing an additional 3,304 shares during the last quarter. Strs Ohio acquired a new stake in ATN International in the 1st quarter worth approximately $138,000. GAMMA Investing LLC lifted its holdings in ATN International by 1,865.2% in the 1st quarter. GAMMA Investing LLC now owns 23,661 shares of the technology company's stock worth $481,000 after purchasing an additional 22,457 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in ATN International in the 1st quarter worth approximately $632,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

About ATN International

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.