ADT Inc. Plans Quarterly Dividend of $0.06 (NYSE:ADT)

ADT Inc. (NYSE:ADT) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Thursday, June 13th will be paid a dividend of 0.055 per share by the security and automation business on Tuesday, July 9th. This represents a $0.22 annualized dividend and a yield of 3.42%. The ex-dividend date is Thursday, June 13th.

ADT has a dividend payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

ADT traded up $0.10 during midday trading on Friday, hitting $6.43. 523,394 shares of the company were exchanged, compared to its average volume of 5,126,816. ADT has a 1-year low of $4.89 and a 1-year high of $7.60. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 12.76 and a beta of 1.57. The company’s 50 day simple moving average is $6.61 and its 200 day simple moving average is $6.44.

ADT (NYSE:ADT) last posted its earnings results on Wednesday, February 28th. The security and automation business reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. ADT had a return on equity of 14.85% and a net margin of 8.69%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the firm earned $0.08 EPS. The company’s quarterly revenue was down 27.1% on a year-over-year basis. As a group, sell-side analysts predict that ADT will post 0.67 earnings per share for the current year.

Analysts Set New Price Targets

ADT has been the topic of a number of analyst reports. Barclays dropped their target price on ADT from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, March 22nd. The Goldman Sachs Group raised their target price on shares of ADT from $7.50 to $8.30 and gave the stock a “buy” rating in a research note on Thursday, February 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.