IDT Co. (IDT) to Issue Dividend of $0.05 on December 31st

IDT Co. (NYSE:IDT) announced a dividend on Thursday, December 19th,investing.com reports. Stockholders 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 Up 0.4 %

Shares of NYSE:IDT opened at $48.08 on Friday. The company has a 50 day moving average of $49.29 and a two-hundred day moving average of $41.54. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 16.47 and a beta of 0.78. IDT has a 52-week low of $32.08 and a 52-week high of $58.77.

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

Insider Buying and Selling

In other news, COO Bill Pereira sold 29,175 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $47.24, for a total transaction of $1,378,227.00. Following the sale, the chief operating officer now directly owns 40,000 shares in the company, valued at approximately $1,889,600. This represents a 42.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Marcelo Fischer sold 600 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $48.57, for a total value of $29,142.00. Following the transaction, the chief financial officer now owns 37,573 shares of the company’s stock, valued at $1,824,920.61. This represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,582 shares of company stock worth $1,686,308 over the last ninety days. 25.32% of the stock is owned by insiders.

IDT Company Profile

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.