ADT Inc (ADT) Plans Quarterly Dividend of $0.04

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ADT Inc (NYSE:ADT) declared a quarterly dividend on Thursday, November 8th, Wall Street Journal reports. Shareholders of record on Friday, December 14th will be given a dividend of 0.035 per share by the security and automation business on Friday, January 4th. This represents a $0.14 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, December 13th.

ADT has a payout ratio of 19.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect ADT to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 12.5%.

ADT stock opened at $7.45 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 2.15. ADT has a one year low of $6.93 and a one year high of $13.02.

ADT (NYSE:ADT) last posted its earnings results on Wednesday, November 7th. The security and automation business reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.28). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. ADT had a negative return on equity of 3.76% and a net margin of 3.95%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) earnings per share. Analysts expect that ADT will post 0.72 earnings per share for the current fiscal year.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of ADT from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada assumed coverage on shares of ADT in a research report on Monday, November 19th. They set an “outperform” rating and a $12.00 target price on the stock. ValuEngine upgraded shares of ADT from a “hold” rating to a “buy” rating in a report on Saturday, November 10th. Morgan Stanley set a $12.00 price target on shares of ADT and gave the company a “buy” rating in a report on Thursday, November 8th. Finally, Bank of America assumed coverage on shares of ADT in a report on Tuesday, October 23rd. They set a “buy” rating and a $11.00 price target for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $13.30.

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ADT Company Profile

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.

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Dividend History for ADT (NYSE:ADT)

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