ADT Corporation Announces Quarterly Dividend of $0.13 (ADT)
ADT Corporation (NYSE:ADT) announced a quarterly dividend on Monday, September 23rd, Analyst Ratings Network reports. Investors of record on Wednesday, October 30th will be paid a dividend of $0.125 per share on Wednesday, November 20th. This represents a $0.50 annualized dividend and a dividend yield of 1.18%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of ADT Corporation (NYSE:ADT) from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, August 1st. They now have a $41.10 price target on the stock. Analysts at Imperial Capital reiterated an “outperform” rating on shares of ADT Corporation (NYSE:ADT) in a research note to investors on Thursday, August 1st. They now have a $53.00 price target on the stock.
Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. ADT Corporation currently has a consensus rating of “Buy” and a consensus target price of $50.31.
ADT Corporation (NYSE:ADT) opened at 42.32 on Monday. ADT Corporation has a 52-week low of $35.38 and a 52-week high of $50.37. The stock has a 50-day moving average of $40.71 and a 200-day moving average of $42.70. The company has a market cap of $8.909 billion and a price-to-earnings ratio of 23.15.
ADT Corporation (NYSE:ADT) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.09. The company had revenue of $833.00 million for the quarter, compared to the consensus estimate of $830.22 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts expect that ADT Corporation will post $1.84 EPS for the current fiscal year.
The ADT Corporation (NYSE:ADT) is a provider of electronic security, interactive home and business automation and related monitoring services.
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