IDT Corporation (IDT) to Issue Quarterly Dividend of $0.07 on June 18th

IDT Corporation (NYSE:IDT) announced a quarterly dividend on Thursday, May 28th. Stockholders of record on Tuesday, June 9th will be paid a dividend of 0.07 per share by the utilities provider on Thursday, June 18th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Tuesday, June 9th.

IDT has a payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings.

IDT Stock Performance

Shares of IDT opened at $56.11 on Friday. IDT has a fifty-two week low of $45.72 and a fifty-two week high of $71.12. The company has a 50 day moving average price of $51.78 and a 200-day moving average price of $50.57. The stock has a market capitalization of $1.41 billion, a PE ratio of 17.16 and a beta of 0.68.

IDT (NYSE:IDT) last released its quarterly earnings results on Wednesday, June 3rd. The utilities provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.89 by $0.05. IDT had a net margin of 6.41% and a return on equity of 25.07%. The company had revenue of $315.71 million for the quarter, compared to analyst estimates of $308.00 million.

IDT Company Profile

IDT Corporation, founded in 1990 and headquartered in Newark, New Jersey, is a diversified global provider of telecommunications and payment services. The company operates through its primary communications arm, IDT Telecom, and a digital solutions segment that encompasses cross-border money transfers and related fintech offerings. Since its inception, IDT has built an international network infrastructure to support voice and data transmission across more than 200 countries and territories.

Through IDT Telecom, the company offers a suite of voice communication products, including prepaid phone cards, VoIP services, SIP trunking and operator-assisted calling.