Adtran Inc. Announces Quarterly Dividend of $0.09 (ADTN)
Adtran (NASDAQ:ADTN) announced a quarterly dividend on Tuesday, October 8th, StockRatingsNetwork reports. Investors of record on Thursday, October 24th will be paid a dividend of $0.09 per share on Thursday, November 7th. This represents a $0.36 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Tuesday, October 22nd.
ADTN has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Adtran from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $28.00 price target on the stock. On the ratings front, analysts at MKM Partners raised their price target on shares of Adtran from $22.00 to $24.00 in a research note to investors on Thursday, September 12th. They now have a “neutral” rating on the stock. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. Adtran currently has an average rating of “Hold” and a consensus price target of $20.88.
Adtran (NASDAQ:ADTN) traded down 0.85% on Tuesday, hitting $26.75. The stock had a trading volume of 807,480 shares. Adtran has a 1-year low of $15.38 and a 1-year high of $27.92. The stock has a 50-day moving average of $26.13 and a 200-day moving average of $23.98. The company has a market cap of $1.557 billion and a P/E ratio of 54.62.
ADTRAN, Inc designs, manufactures and markets solutions and provides services and support for communications networks.
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