IDT Co. (IDT) To Go Ex-Dividend on March 18th

IDT Co. (NYSE:IDTGet Free Report) declared a quarterly dividend on Wednesday, March 6th, Zacks reports. Stockholders of record on Tuesday, March 19th will be given a dividend of 0.05 per share by the utilities provider on Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, March 18th.

IDT Stock Performance

IDT stock opened at $37.93 on Friday. The business’s 50-day simple moving average is $35.42 and its 200-day simple moving average is $30.62. The firm has a market capitalization of $954.36 million, a PE ratio of 26.16 and a beta of 0.98. IDT has a 52 week low of $21.64 and a 52 week high of $38.59.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded IDT from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.

Get Our Latest Analysis on IDT

Insiders Place Their Bets

In related news, CFO Marcelo Fischer sold 2,937 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $34.25, for a total value of $100,592.25. Following the completion of the sale, the chief financial officer now owns 38,596 shares in the company, valued at approximately $1,321,913. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 15.00% of the company’s stock.

Hedge Funds Weigh In On IDT

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in IDT by 3.7% in the 2nd quarter. BlackRock Inc. now owns 1,436,165 shares of the utilities provider’s stock valued at $37,125,000 after purchasing an additional 50,879 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of IDT by 30.7% during the fourth quarter. Vanguard Group Inc. now owns 1,216,941 shares of the utilities provider’s stock worth $41,486,000 after purchasing an additional 285,681 shares during the period. FMR LLC increased its holdings in shares of IDT by 27.9% during the first quarter. FMR LLC now owns 726,232 shares of the utilities provider’s stock worth $24,750,000 after purchasing an additional 158,521 shares during the period. Bandera Partners LLC increased its holdings in shares of IDT by 98.7% during the first quarter. Bandera Partners LLC now owns 470,000 shares of the utilities provider’s stock worth $16,022,000 after purchasing an additional 233,441 shares during the period. Finally, State Street Corp increased its holdings in shares of IDT by 7.4% during the second quarter. State Street Corp now owns 426,781 shares of the utilities provider’s stock worth $11,032,000 after purchasing an additional 29,565 shares during the period. Institutional investors own 81.28% of the company’s stock.

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.

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Dividend History for IDT (NYSE:IDT)

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