ADT Inc. (NYSE:ADT) Announces $0.06 Quarterly Dividend

ADT Inc. (NYSE:ADT) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.055 per share by the security and automation business on Thursday, April 3rd. This represents a $0.22 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, March 13th.

ADT has raised its dividend by an average of 16.3% annually over the last three years. ADT has a payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 0.7 %

NYSE ADT traded up $0.06 on Friday, reaching $8.18. 29,950,989 shares of the stock traded hands, compared to its average volume of 7,441,169. ADT has a 12 month low of $6.10 and a 12 month high of $8.39. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The company has a fifty day moving average price of $7.30 and a 200-day moving average price of $7.30. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 8.89 and a beta of 1.50.

Analyst Ratings Changes

A number of analysts recently weighed in on ADT shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $9.00 price objective on shares of ADT in a research note on Wednesday, January 29th. Morgan Stanley increased their target price on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th.

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.