ADT Inc. (ADT) To Go Ex-Dividend on June 13th

ADT Inc. (NYSE:ADT) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Thursday, June 13th will be paid a dividend of 0.055 per share by the security and automation business on Tuesday, July 9th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, June 13th.

ADT has a dividend payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE:ADT opened at $6.43 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.52 and a current ratio of 0.68. The firm has a fifty day moving average price of $6.60 and a 200 day moving average price of $6.44. ADT has a fifty-two week low of $4.89 and a fifty-two week high of $7.60. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 12.86 and a beta of 1.57.

ADT (NYSE:ADT) last released its quarterly earnings data on Wednesday, February 28th. The security and automation business reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. ADT had a net margin of 8.69% and a return on equity of 14.85%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business earned $0.08 earnings per share. ADT’s quarterly revenue was down 27.1% compared to the same quarter last year. As a group, sell-side analysts expect that ADT will post 0.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ADT shares. The Goldman Sachs Group increased their price objective on shares of ADT from $7.50 to $8.30 and gave the company a “buy” rating in a research report on Thursday, February 29th. Barclays lowered their price objective on shares of ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Friday, March 22nd.

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.