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

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

IDT Trading Up 0.4 %

Shares of NYSE IDT opened at $48.08 on Friday. IDT has a 12-month low of $32.08 and a 12-month high of $58.77. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 16.47 and a beta of 0.78. The stock’s 50 day simple moving average is $49.29 and its 200 day simple moving average is $41.54.

IDT (NYSE:IDT) last announced its quarterly earnings results on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter. The company 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 Activity

In other IDT news, CFO Marcelo Fischer sold 600 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $48.57, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Nadine Shea sold 1,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $53.74, for a total value of $53,740.00. Following the completion of the sale, the executive vice president now directly owns 4,775 shares in the company, valued at $256,608.50. This represents a 17.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,582 shares of company stock valued at $1,686,308. Company insiders own 25.32% of the company’s stock.

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.