IDT Co. (NYSE:IDT) Plans $0.05 Dividend

IDT Co. (NYSE:IDT - Get Free Report) declared a dividend on Thursday, December 19th,investing.com reports. Investors of record on Tuesday, December 24th will be given a dividend of 0.05 per share by the utilities provider on Tuesday, December 31st. This represents a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, December 23rd.

IDT Stock Performance

Shares of NYSE:IDT traded up $0.61 during mid-day trading on Thursday, hitting $47.87. The stock had a trading volume of 90,042 shares, compared to its average volume of 85,855. The company's 50 day moving average is $49.29 and its 200-day moving average is $41.44. The company has a market cap of $1.21 billion, a PE ratio of 16.39 and a beta of 0.78. IDT has a 12-month low of $32.08 and a 12-month high of $58.77.

IDT (NYSE:IDT - Get Free Report) last announced its earnings results on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share for the quarter. The firm had revenue of $308.83 million during the quarter. IDT had a return on equity of 22.18% and a net margin of 6.10%.

Insider Buying and Selling at IDT

In related news, CFO Marcelo Fischer sold 600 shares of the company's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $48.57, for a total transaction of $29,142.00. Following the completion of the sale, the chief financial officer now directly owns 37,573 shares in the company, valued at $1,824,920.61. This represents a 1.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Nadine Shea sold 1,000 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $53.74, for a total transaction of $53,740.00. Following the transaction, the executive vice president now owns 4,775 shares of the company's stock, valued at $256,608.50. This trade represents a 17.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,582 shares of company stock valued at $1,686,308. 25.32% of the stock is currently owned by company insiders.

About IDT

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.