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

IDT Co. (NYSE:IDT) declared a dividend on Thursday, December 19th,investing.com reports. Investors 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 is Monday, December 23rd.

IDT Trading Down 4.6 %

Shares of IDT opened at $47.26 on Thursday. The firm has a fifty day simple moving average of $49.29 and a two-hundred day simple moving average of $41.44. The firm has a market cap of $1.19 billion, a PE ratio of 16.18 and a beta of 0.78. IDT has a 1-year low of $32.08 and a 1-year high of $58.77.

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

Insider Transactions at IDT

In other news, CFO Marcelo Fischer sold 600 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was 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 trade represents a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nadine Shea sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $53.74, for a total value of $53,740.00. Following the transaction, the executive vice president now owns 4,775 shares of the company’s stock, valued at approximately $256,608.50. This trade represents a 17.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,582 shares of company stock worth $1,686,308 in the last quarter. 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.