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

A10 Networks, Inc. (NYSE:ATEN) declared a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.06 per share by the communications equipment provider on Monday, March 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Friday, February 14th.

A10 Networks has increased its dividend payment by an average of 68.7% per year over the last three years. A10 Networks has a payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect A10 Networks to earn $0.71 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 33.8%.

A10 Networks Price Performance

Shares of A10 Networks stock opened at $20.82 on Thursday. A10 Networks has a 1 year low of $12.27 and a 1 year high of $20.89. The firm has a market cap of $1.54 billion, a PE ratio of 31.07 and a beta of 1.14. The company has a 50 day simple moving average of $18.58 and a two-hundred day simple moving average of $15.76.

A10 Networks (NYSE:ATEN) last announced its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. As a group, research analysts anticipate that A10 Networks will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ATEN. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. BWS Financial reaffirmed a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a research note on Wednesday. Finally, Craig Hallum boosted their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday.

Insider Activity

In related news, EVP Karen S. Thomas sold 6,162 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the transaction, the executive vice president now owns 23,799 shares in the company, valued at $397,443.30. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.82% of the company’s stock.

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.