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

Key Points

• IDT Corporation declared a quarterly dividend of $0.06 per share, scheduled for payment on October 10th to shareholders on record as of September 30th.
• The company has a dividend yield of 0.4% and a payout ratio of 7.1%, indicating the dividend is well-supported by earnings.
• IDT's stock price decreased by 1.9% on the trading day, reaching $66.98, with a market capitalization of $1.69 billion.

IDT Corporation (NYSE:IDT - Get Free Report) declared a quarterly dividend on Monday, September 22nd. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.06 per share by the utilities provider on Friday, October 10th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 30th.

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

IDT Stock Down 1.9%

Shares of IDT stock traded down $1.33 during trading hours on Tuesday, reaching $66.98. 61,346 shares of the stock traded hands, compared to its average volume of 148,435. IDT has a 1-year low of $37.45 and a 1-year high of $71.12. The business has a fifty day moving average price of $61.90 and a 200 day moving average price of $58.60. The firm has a market capitalization of $1.69 billion, a PE ratio of 17.67 and a beta of 0.79.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of IDT from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th.

About IDT

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.

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