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

Key Points

• ATN International announced a quarterly dividend of $0.28, with a yield of 7.0% and payments scheduled for October 7th to investors of record as of September 30th.
• The company reported a negative earnings per share of ($0.24) and a revenue shortfall for the last quarter, significantly missing analyst estimates.
• ATN International has a troubling payout ratio of -2,400.0%, indicating reliance on its balance sheet to cover dividends amid projected ongoing losses.

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) announced a quarterly dividend on Thursday, September 18th, RTT News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.275 per share by the technology company on Tuesday, October 7th. This represents a c) annualized dividend and a yield of 7.0%.

ATN International has a payout ratio of -2,400.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Price Performance

ATNI traded up $0.37 during midday trading on Thursday, hitting $15.64. 31,092 shares of the company traded hands, compared to its average volume of 30,602. 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 has a market capitalization of $238.67 million, a price-to-earnings ratio of -4.64 and a beta of 0.70. ATN International has a 52-week low of $13.76 and a 52-week high of $33.72. The business has a 50 day simple moving average of $16.52 and a two-hundred day simple moving average of $17.10.

ATN International (NASDAQ:ATNI - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $181.30 million for the quarter, compared to analysts' expectations 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. On average, equities analysts forecast that ATN International will post -0.73 earnings per share for the current fiscal year.

ATN International Company Profile

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.

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