IDT Corporation (NYSE:IDT) Stock to Pay Quarterly Dividend of $0.07

IDT Corporation (NYSE:IDT) announced a quarterly dividend on Tuesday, September 22nd. Stockholders 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 dividend yield of 0.4%. The ex-dividend date is Monday, October 5th.

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

IDT Stock Down 1.4%

Shares of IDT stock opened at $78.83 on Friday. IDT has a 12 month low of $45.72 and a 12 month high of $81.79. The company’s fifty day simple moving average is $68.70 and its 200-day simple moving average is $59.11. The firm has a market cap of $1.96 billion, a PE ratio of 22.72 and a beta of 0.60.

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