IDT Corporation (NYSE:IDT) Declares $0.06 Quarterly Dividend

IDT Corporation (NYSE:IDT) declared a quarterly dividend on Thursday, December 4th. Shareholders of record on Monday, December 15th will be paid a dividend of 0.06 per share by the utilities provider on Tuesday, December 23rd. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 15th.

IDT has a dividend payout ratio of 7.1% indicating that its dividend is sufficiently covered by earnings.

IDT Price Performance

NYSE:IDT opened at $50.60 on Friday. The company has a market capitalization of $1.28 billion, a P/E ratio of 16.81 and a beta of 0.77. The business has a fifty day simple moving average of $50.35 and a two-hundred day simple moving average of $58.63. IDT has a 1 year low of $44.76 and a 1 year high of $71.12.

IDT (NYSE:IDT) last posted its quarterly earnings results on Thursday, December 4th. The utilities provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. IDT had a return on equity of 27.03% and a net margin of 6.18%.The company had revenue of $322.75 million during the quarter, compared to the consensus estimate of $308.00 million.

Analyst Ratings Changes

IDT has been the subject of a number of research reports. Wall Street Zen upgraded shares of IDT from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of IDT in a report on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

IDT Company Profile

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.