IDT Co. (NYSE:IDT) Raises Dividend to $0.06 Per Share

IDT Co. (NYSE:IDT) announced a quarterly dividend on Friday, March 7th, NASDAQ Dividends reports. Shareholders of record on Monday, March 17th will be paid 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 of this dividend is Monday, March 17th. This is a 20.0% increase from IDT’s previous quarterly dividend of $0.05.

IDT Price Performance

IDT stock opened at $46.66 on Friday. The company has a market cap of $1.18 billion, a P/E ratio of 15.98 and a beta of 0.83. IDT has a 1 year low of $33.84 and a 1 year high of $58.77. The stock’s fifty day moving average price is $47.88 and its 200-day moving average price is $46.25.

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

Insider Buying and Selling

In related news, CTO David Wartell sold 17,116 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was 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 is available through this link. 25.32% of the stock is owned by insiders.

Analysts Set New Price Targets

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

IDT Company Profile

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.