ADT Inc. (NYSE:ADT – Get Free Report) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.055 per share by the security and automation business on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, September 10th.
ADT has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. ADT has a dividend payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect ADT to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 24.4%.
ADT Trading Up 1.8%
Shares of ADT stock opened at $7.64 on Friday. The company has a market cap of $5.61 billion, a PE ratio of 10.77 and a beta of 1.01. ADT has a 1 year low of $6.24 and a 1 year high of $8.94. The stock’s 50 day simple moving average is $6.81 and its two-hundred day simple moving average is $7.10. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.69 and a quick ratio of 0.67.
Analyst Ratings Changes
Several research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ADT in a research note on Wednesday, July 15th. Morgan Stanley increased their target price on shares of ADT from $7.50 to $7.75 and gave the company an “equal weight” rating in a research note on Friday. Finally, UBS Group set a $7.50 target price on shares of ADT in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.23.
Check Out Our Latest Stock Analysis on ADT
About ADT
ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.
Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.
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