ADT Inc. (NYSE:ADT) Announces $0.06 Quarterly Dividend

ADT Inc. (NYSE:ADT) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.055 per share by the security and automation business on Thursday, April 3rd. This represents a $0.22 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, March 13th.

ADT has increased its dividend payment by an average of 16.3% per year over the last three years. ADT has a payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect ADT to earn $0.79 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 27.8%.

ADT Price Performance

Shares of ADT traded up $0.06 during trading hours on Friday, hitting $8.18. 29,954,240 shares of the company were exchanged, compared to its average volume of 7,441,542. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 8.89 and a beta of 1.50. ADT has a fifty-two week low of $6.10 and a fifty-two week high of $8.39. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The firm’s fifty day moving average is $7.30 and its 200 day moving average is $7.30.

Analyst Ratings Changes

Several research firms recently weighed in on ADT. Morgan Stanley raised their price objective on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $9.00 price objective on shares of ADT in a research note on Wednesday, January 29th.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.