IDT Co. (NYSE:IDT) Plans Quarterly Dividend of $0.06

IDT Co. (NYSE:IDT) announced a quarterly dividend on Friday, March 7th, NASDAQ Dividends reports. Investors of record on Monday, March 17th will be given a dividend of 0.06 per share by the utilities provider on Tuesday, March 25th. This represents a $0.24 annualized dividend and a yield of 0.51%. The ex-dividend date is Monday, March 17th. This is a 20.0% increase from IDT’s previous quarterly dividend of $0.05.

IDT Price Performance

Shares of IDT stock opened at $46.66 on Friday. The company has a 50-day moving average of $47.88 and a two-hundred day moving average of $46.25. IDT has a 1-year low of $33.84 and a 1-year high of $58.77. The firm has a market cap of $1.18 billion, a PE ratio of 15.98 and a beta of 0.83.

IDT (NYSE:IDT) last posted its quarterly earnings data on Thursday, March 6th. The utilities provider reported $0.81 EPS for the quarter. The business had revenue of $303.35 million during the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%.

Insider Activity

In other news, CTO David Wartell sold 17,116 shares of IDT stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $47.11, for a total value of $806,334.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 25.32% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of IDT from a “strong-buy” rating to a “buy” rating in a report on Monday, March 10th.

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.