ATN International Declares Quarterly Dividend of 0.29 Cents Per Share
What happened
ATN International, Inc. declared a quarterly dividend of 0.29 per share, which represents a c) annualized dividend and a 4.0% yield. The ex-dividend date is October 2nd, with investors of record on Saturday, October 3rd. The dividend payment is scheduled for October 9th.
From themarketsdaily.com
Why it matters
The company has increased its dividend annually for the last three consecutive years. However, the payout ratio is currently at -2,900.0%, indicating that ATN International is relying on its balance sheet to cover the payments.
From themarketsdaily.com
Who's involved
- AlaskaTechnology company operating in Alaska, the Caribbean, and the United States
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AlaskaSpeculative
The company might face pressure on its financial reserves due to the dividend payout and current earnings expectations.
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The entities involved
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Alaska
state of the United States of America
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Caribbean
region to the center-east of America composed of many islands / coastal regions surrounding the Caribbean Sea