IDT Corporation (IDT) To Go Ex-Dividend on October 5th

IDT Corporation (NYSE:IDT) announced a quarterly dividend on Tuesday, September 22nd. Investors of record on Monday, October 5th will be given a dividend of $0.07 per share by the utilities provider on Wednesday, October 14th. This represents a $0.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, October 5th.

IDT has a payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings.

IDT Trading Down 1.4%

Shares of IDT opened at $78.83 on Friday. The stock has a market cap of $1.96 billion, a P/E ratio of 22.72 and a beta of 0.60. IDT has a 1 year low of $45.72 and a 1 year high of $81.79. The stock’s 50-day moving average price is $68.70 and its two-hundred day moving average price is $59.11.

IDT (NYSE:IDT) last announced its quarterly earnings results on Monday, September 28th. The utilities provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.04). IDT had a net margin of 6.67% and a return on equity of 24.22%. The company had revenue of $338.98 million during the quarter, compared to the consensus estimate of $319.00 million.

About IDT

IDT Corporation (NYSE: IDT) is a telecommunications and fintech company founded in 1990 by Howard Jonas. The company began as an international long-distance provider and has expanded into consumer communications, payment services and technology solutions for businesses and independent retailers.

Through its BOSS Revolution brand, IDT offers international calling, prepaid wireless services, mobile airtime and data top-ups, and international money-transfer services. Its communications operations also provide wholesale voice services and related connectivity solutions to carriers and other communications providers in markets worldwide.

IDT’s National Retail Solutions business provides independent retailers with point-of-sale technology, payment processing, business services and related tools.