ADT Inc. (NYSE:ADT – Get Free Report) announced a quarterly dividend on Thursday, July 30th. Investors of record on Thursday, September 10th will be paid a dividend of 0.055 per share by the security and automation business on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, September 10th.
ADT has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. ADT has a payout ratio of 23.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ADT to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 23.2%.
ADT Price Performance
ADT opened at $7.48 on Tuesday. The stock has a fifty day moving average price of $7.23 and a 200 day moving average price of $7.00. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 2.14. ADT has a 1 year low of $6.24 and a 1 year high of $8.94. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 10.54 and a beta of 1.02.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on ADT shares. BTIG Research began coverage on shares of ADT in a report on Monday, August 17th. They set a “neutral” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ADT in a research report on Wednesday, July 15th. Finally, Morgan Stanley upped their price target on ADT from $7.50 to $7.75 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.23.
Get Our Latest Stock Report on ADT
About ADT
ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.
Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.
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