A10 Networks, Inc. Announces Quarterly Dividend of $0.06 (NYSE:ATEN)

A10 Networks, Inc. (NYSE:ATEN) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.06 per share by the communications equipment provider on Monday, December 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Monday, November 18th.

A10 Networks has a dividend payout ratio of 27.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect A10 Networks to earn $0.75 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 32.0%.

A10 Networks Stock Up 4.8 %

ATEN stock traded up $0.74 during midday trading on Friday, reaching $16.20. 982,763 shares of the company’s stock traded hands, compared to its average volume of 717,341. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 26.25 and a beta of 1.11. The firm’s fifty day moving average price is $14.19 and its 200-day moving average price is $14.08. A10 Networks has a 52 week low of $11.67 and a 52 week high of $16.46.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Craig Hallum lowered shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Friday. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

About A10 Networks

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.