IDT Corporation (NYSE:IDT) Shares to Pay Quarterly Dividend of $0.07

IDT Corporation (NYSE:IDT) announced a quarterly dividend on Tuesday, September 22nd. Investors of record on Monday, October 5th will be paid a dividend of $0.07 per share by the utilities provider on Wednesday, October 14th. This represents a $0.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, October 5th.

IDT has a payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings.

IDT Stock Performance

Shares of IDT stock opened at $78.83 on Friday. The stock has a market cap of $1.96 billion, a PE ratio of 22.72 and a beta of 0.60. IDT has a 1 year low of $45.72 and a 1 year high of $81.79. The stock has a fifty day moving average price of $68.70 and a 200 day moving average price of $59.11.

IDT (NYSE:IDT) last issued its quarterly earnings data on Monday, September 28th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.04). IDT had a return on equity of 24.22% and a net margin of 6.67%.The company had revenue of $338.98 million for the quarter, compared to analyst estimates of $319.00 million.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Freedom Broker lifted their price objective on IDT from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of IDT in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.00.

IDT Company Profile

IDT Corporation (NYSE: IDT) is a telecommunications and fintech company founded in 1990 by Howard Jonas. The company began as an international long-distance provider and has expanded into consumer communications, payment services and technology solutions for businesses and independent retailers.

Through its BOSS Revolution brand, IDT offers international calling, prepaid wireless services, mobile airtime and data top-ups, and international money-transfer services. Its communications operations also provide wholesale voice services and related connectivity solutions to carriers and other communications providers in markets worldwide.

IDT’s National Retail Solutions business provides independent retailers with point-of-sale technology, payment processing, business services and related tools.