ADT Inc. (NYSE:ADT) to Issue $0.06 Quarterly Dividend

ADT Inc. (NYSE:ADT) announced a quarterly dividend on Tuesday, November 4th. Stockholders of record on Thursday, December 11th will be paid a dividend of 0.055 per share by the security and automation business on Thursday, January 8th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 11th.

ADT has decreased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. ADT has a dividend payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 down $0.02 during trading hours on Wednesday, reaching $8.07. 664,208 shares of the company’s stock traded hands, compared to its average volume of 13,300,168. ADT has a 12 month low of $6.71 and a 12 month high of $8.94. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84. The stock has a market cap of $6.70 billion, a PE ratio of 12.22 and a beta of 1.00. The firm’s 50 day simple moving average is $8.66 and its 200-day simple moving average is $8.47.

ADT (NYSE:ADT) last announced its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share for the quarter. The business had revenue of $1.31 billion during the quarter. ADT had a return on equity of 18.58% and a net margin of 12.30%. Equities analysts expect that ADT will post 0.7 EPS for the current year.

Institutional Investors Weigh In On ADT

Several large investors have recently bought and sold shares of ADT. Allspring Global Investments Holdings LLC lifted its stake in ADT by 366.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 74,204 shares of the security and automation business’s stock valued at $606,000 after acquiring an additional 58,292 shares during the period. Amalgamated Bank raised its holdings in shares of ADT by 36.8% during the first quarter. Amalgamated Bank now owns 19,660 shares of the security and automation business’s stock valued at $160,000 after purchasing an additional 5,287 shares during the last quarter. New York State Teachers Retirement System lifted its position in ADT by 28.9% during the first quarter. New York State Teachers Retirement System now owns 34,198 shares of the security and automation business’s stock valued at $278,000 after purchasing an additional 7,660 shares during the period. Teacher Retirement System of Texas purchased a new stake in ADT in the first quarter worth approximately $403,000. Finally, Bank of New York Mellon Corp grew its position in ADT by 11.1% in the 1st quarter. Bank of New York Mellon Corp now owns 6,072,596 shares of the security and automation business’s stock worth $49,431,000 after purchasing an additional 608,445 shares during the period. 87.22% of the stock is currently owned by institutional investors.

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.