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

IDT Corporation (NYSE:IDT) declared a quarterly dividend on Thursday, December 4th. Investors of record on Monday, December 15th will be given a dividend of 0.06 per share by the utilities provider on Tuesday, December 23rd. This represents a c) annualized dividend and a dividend 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 Stock Up 1.1%

Shares of IDT stock opened at $50.60 on Friday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 16.81 and a beta of 0.77. IDT has a twelve month low of $44.76 and a twelve month high of $71.12. The company has a 50-day simple moving average of $50.35 and a two-hundred day simple moving average of $58.63.

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

Analyst Upgrades and Downgrades

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

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.