IDT Co. (NYSE:IDT) Raises Dividend to $0.06 Per Share

IDT Co. (NYSE:IDT - Get Free Report) declared a quarterly dividend on Friday, March 7th, NASDAQ Dividends reports. Investors of record on Monday, March 17th will be given a dividend of 0.06 per share by the utilities provider on Tuesday, March 25th. This represents a $0.24 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, March 17th. This is a 20.0% increase from IDT's previous quarterly dividend of $0.05.

IDT Trading Up 0.4 %

Shares of IDT traded up $0.21 during trading hours on Wednesday, reaching $50.53. 141,009 shares of the company's stock traded hands, compared to its average volume of 86,211. The firm's 50 day simple moving average is $48.01 and its 200-day simple moving average is $46.53. The stock has a market cap of $1.28 billion, a PE ratio of 17.31 and a beta of 0.84. IDT has a 12 month low of $33.84 and a 12 month high of $58.77.

IDT (NYSE:IDT - Get Free Report) last announced its earnings results on Thursday, March 6th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter. The business had revenue of $303.35 million during the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%.

Insider Activity at IDT

In other IDT news, CTO David Wartell sold 17,116 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $47.11, for a total transaction of $806,334.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 25.32% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded IDT from a "buy" rating to a "strong-buy" rating in a research report on Tuesday.

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.