IDT Corporation Plans Quarterly Dividend of $0.07 (NYSE:IDT)

IDT Corporation (NYSE:IDT) declared 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 of this dividend is Tuesday, June 9th.

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

IDT Stock Up 1.0%

Shares of IDT stock opened at $56.11 on Friday. IDT has a 52 week low of $45.72 and a 52 week high of $71.12. The business’s fifty day simple moving average is $51.78 and its 200-day simple moving average is $50.57. The firm has a market cap of $1.41 billion, a PE ratio of 17.16 and a beta of 0.68.

IDT (NYSE:IDT) last announced 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 return on equity of 25.07% and a net margin of 6.41%.The business had revenue of $315.71 million for the quarter, compared to analyst estimates of $308.00 million.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IDT. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of IDT in a research note on Friday, March 27th. Wall Street Zen lowered IDT from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 3rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, IDT has a consensus rating of “Hold”.

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.