IDT Co. (NYSE:IDT) declared a quarterly dividend on Wednesday, December 6th, Wall Street Journal reports. Stockholders of record on Monday, December 18th will be paid a dividend of 0.19 per share by the utilities provider on Friday, December 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date of this dividend is Friday, December 15th.
IDT has a dividend payout ratio of 41.5% indicating that its dividend is sufficiently covered by earnings.
Shares of IDT (NYSE:IDT) traded down $2.76 during midday trading on Thursday, hitting $12.59. 1,205,600 shares of the stock were exchanged, compared to its average volume of 196,669. The firm has a market capitalization of $382.21, a PE ratio of 31.33 and a beta of 1.16. IDT has a 52-week low of $12.03 and a 52-week high of $23.13.
A number of research analysts have recently issued reports on the stock. TheStreet cut shares of IDT from a “b-” rating to a “c” rating in a report on Tuesday, October 3rd. BidaskClub cut shares of IDT from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd.
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IDT Company Profile
IDT Corporation is a holding company with operations primarily in the telecommunications and payment industries. The Company’s segments include Telecom Platform Services, Consumer Phone Services and All Other. The Company’s Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale international long distance traffic termination.
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