IDT Co. (NYSE:IDT) to Issue Quarterly Dividend of $0.05

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 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Monday, September 30th.

IDT Trading Up 0.3 %

IDT opened at $38.43 on Friday. The company has a market cap of $973.78 million, a price-to-earnings ratio of 27.45 and a beta of 0.79. The stock has a fifty day simple moving average of $37.41 and a two-hundred day simple moving average of $37.45. IDT has a 12-month low of $21.64 and a 12-month high of $41.58.

Analysts Set New Price Targets

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

Insider Buying and Selling at IDT

In related news, Director Eric F. Cosentino sold 800 shares of the company’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 value of $29,792.00. Following the sale, the director now owns 551 shares in the company, valued at approximately $20,519.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Joyce J. Mason sold 7,570 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $37.25, for a total transaction of $281,982.50. Following the sale, the executive vice president now directly owns 12,996 shares of the company’s stock, valued at approximately $484,101. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric F. Cosentino sold 800 shares of IDT stock in a transaction dated 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 of the company’s stock, valued at $20,519.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,870 shares of company stock valued at $329,880. Corporate insiders own 15.00% of the company’s stock.

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.