IDT Corporation (NYSE:IDT) announced a quarterly dividend on Tuesday, June 6th, NASDAQ reports. Shareholders of record on Monday, June 19th will be paid a dividend of 0.19 per share by the utilities provider on Friday, June 30th. This represents a $0.76 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Thursday, June 15th.
IDT Corporation has a payout ratio of 41.5% indicating that its dividend is sufficiently covered by earnings.
Shares of IDT Corporation (NYSE IDT) traded up 2.60% during mid-day trading on Friday, reaching $15.00. 231,059 shares of the company’s stock were exchanged. The stock has a market cap of $372.54 million, a price-to-earnings ratio of 11.91 and a beta of 1.20. IDT Corporation has a 52-week low of $12.03 and a 52-week high of $23.13. The stock’s 50-day moving average is $16.01 and its 200-day moving average is $17.05.
In related news, Chairman Howard S. Jonas purchased 1,000,000 shares of IDT Corporation stock in a transaction on Friday, June 9th. The stock was acquired at an average price of $14.93 per share, for a total transaction of $14,930,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 12.80% of the company’s stock.
IDT Corporation 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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