IDT Co. (IDT) Announces $0.09 Quarterly Dividend

IDT Co. (NYSE:IDT) announced a quarterly dividend on Friday, March 9th, Wall Street Journal reports. Investors of record on Monday, March 19th will be paid a dividend of 0.09 per share by the utilities provider on Friday, March 23rd. This represents a $0.36 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Friday, March 16th.

IDT has decreased its dividend by an average of 4.0% annually over the last three years. IDT has a dividend payout ratio of 41.5% indicating that its dividend is sufficiently covered by earnings.

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Shares of IDT (NYSE:IDT) opened at $12.11 on Friday. The company has a market cap of $307.52, a PE ratio of -18.92 and a beta of 0.85. IDT has a twelve month low of $9.70 and a twelve month high of $17.71.

IDT (NYSE:IDT) last announced its earnings results on Tuesday, December 5th. The utilities provider reported ($0.02) EPS for the quarter. The company had revenue of $393.56 million for the quarter. IDT had a positive return on equity of 3.36% and a negative net margin of 0.97%.

In other IDT news, Director Judah Schorr acquired 10,000 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was acquired at an average price of $10.82 per share, for a total transaction of $108,200.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 21.80% of the stock is owned by insiders.

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About IDT

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.

Dividend History for IDT (NYSE:IDT)

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