IDT Co. (NYSE:IDT) to Issue Quarterly Dividend of $0.05

by · The Cerbat Gem

IDT Co. (NYSE:IDT – Get Free Report) declared a quarterly dividend on Wednesday, September 18th, NASDAQ reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.05 per share by the utilities provider on Monday, October 7th. This represents a $0.20 annualized dividend and a yield of 0.52%. The ex-dividend date is Monday, September 30th.

IDT Price Performance

Shares of IDT stock opened at $38.43 on Friday. IDT has a fifty-two week low of $21.64 and a fifty-two week high of $41.58. The stock’s 50-day moving average is $37.41 and its two-hundred day moving average is $37.46. The firm has a market cap of $973.78 million, a P/E ratio of 27.45 and a beta of 0.79.

Insider Activity

In other news, Director Eric F. Cosentino sold 800 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $37.24, for a total transaction of $29,792.00. Following the transaction, the director now owns 551 shares of the company’s stock, valued at approximately $20,519.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other IDT news, EVP Joyce J. Mason sold 7,570 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $37.25, for a total value of $281,982.50. Following the sale, the executive vice president now owns 12,996 shares of the company’s stock, valued at approximately $484,101. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric F. Cosentino sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $37.24, for a total value of $29,792.00. Following the completion of the sale, the director now directly owns 551 shares in the company, valued at approximately $20,519.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,870 shares of company stock valued at $329,880. Insiders own 15.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised IDT from a “buy” rating to a “strong-buy” rating in a report on Friday, July 19th.

Get Our Latest Stock Analysis on IDT

IDT Company Profile

(Get Free Report)

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.

Featured Stories