IDT Co. (NYSE:IDT) announced a quarterly dividend on Friday, March 9th, Wall Street Journal reports. Investors of record on Monday, March 19th will be paid a dividend of 0.09 per share by the utilities provider on Friday, March 23rd. This represents a $0.36 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, March 16th.
IDT has decreased its dividend payment by an average of 4.0% annually over the last three years. IDT has a payout ratio of 41.5% meaning its dividend is sufficiently covered by earnings.
Shares of IDT (NYSE IDT) opened at $11.82 on Thursday. The firm has a market cap of $293.61, a P/E ratio of 53.73 and a beta of 0.85. IDT has a 1 year low of $9.70 and a 1 year high of $17.71.
In related news, Director Judah Schorr bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were bought at an average price of $10.82 per share, for a total transaction of $108,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 21.80% of the company’s stock.
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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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