IDT Co. (NYSE:IDT) Announces $0.05 Quarterly Dividend

IDT Co. (NYSE:IDT) announced a quarterly dividend on Wednesday, September 18th, NASDAQ reports. Investors of record on Monday, September 30th will be given a dividend of 0.05 per share by the utilities provider on Monday, October 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Monday, September 30th.

IDT Stock Down 0.2 %

Shares of IDT stock traded down $0.09 during trading hours on Friday, reaching $39.09. 150,278 shares of the stock traded hands, compared to its average volume of 77,744. IDT has a one year low of $21.64 and a one year high of $41.58. The firm has a market capitalization of $990.50 million, a price-to-earnings ratio of 27.98 and a beta of 0.79. The company has a 50 day moving average price of $37.19 and a 200 day moving average price of $37.39.

Insider Activity

In related news, Director Eric F. Cosentino sold 800 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $37.24, for a total value of $29,792.00. Following the transaction, the director now directly 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 available through the SEC website. In related news, Director Eric F. Cosentino sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $37.24, for a total transaction of $29,792.00. Following the completion of the transaction, the director now directly owns 551 shares in the company, valued at approximately $20,519.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $281,982.50. Following the sale, the executive vice president now owns 12,996 shares in the company, valued at approximately $484,101. The disclosure for this sale can be found here. Insiders sold a total of 8,870 shares of company stock valued at $329,880 in the last 90 days. Company insiders own 15.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.