IDT Corporation Plans Quarterly Dividend of $0.19 (IDT)
IDT Corporation (NYSE:IDT) declared a quarterly dividend on Wednesday, December 6th, Wall Street Journal reports. Shareholders of record on Monday, December 18th will be paid a dividend of 0.19 per share by the utilities provider on Friday, December 29th. This represents a $0.76 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Friday, December 15th.
IDT has a payout ratio of 41.5% meaning its dividend is sufficiently covered by earnings.
Shares of IDT (NYSE IDT) traded down $0.28 during midday trading on Wednesday, reaching $15.35. The company’s stock had a trading volume of 200,700 shares, compared to its average volume of 192,357. The company has a market cap of $381.32, a price-to-earnings ratio of 16.81 and a beta of 1.04. IDT has a 52-week low of $12.03 and a 52-week high of $23.13.
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IDT Corporation is a holding company with operations primarily in the telecommunications and payment industries. The Company’s segments include Telecom Platform Services, Consumer Phone Services and All Other. The Company’s Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale international long distance traffic termination.
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