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

ADT Inc. (NYSE:ADT - Get Free Report) declared a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders 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 dividend yield of 2.90%. The ex-dividend date is Thursday, March 13th.

ADT has increased its dividend payment by an average of 16.3% annually over the last three years. ADT has a dividend payout ratio of 23.9% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 1.4 %

Shares of ADT stock traded down $0.11 during trading hours on Tuesday, hitting $7.59. 15,464,783 shares of the company were exchanged, compared to its average volume of 9,079,543. The firm has a market cap of $6.88 billion, a PE ratio of 8.24 and a beta of 1.50. ADT has a 1 year low of $6.10 and a 1 year high of $8.39. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The firm has a fifty day moving average of $7.36 and a 200 day moving average of $7.31.

Wall Street Analysts Forecast Growth

ADT has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of ADT from $8.50 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Royal Bank of Canada reissued a "sector perform" rating and set a $9.00 target price on shares of ADT in a research report on Wednesday, January 29th.

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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.