LONDON, UK / ACCESSWIRE / June 15, 2018 / Active-Investors has a free review on IDT Corp. (NYSE: IDT) following the Company's announcement that it will begin trading ex-dividend on June 18, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on June 15, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on IDT:
If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:
On April 02, 2018, Tailored Brands announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share payable on June 29, 2018, to shareholders of record at the close of business on June 19, 2018.
IDT's indicated dividend represents a yield of 5.95%, which is more than five times higher than the average dividend yield of 1.06% for the Technology sector.
IDT has a dividend payout ratio of 19.7%, which denotes that the Company spends approximately $0.20 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
IDT has trailing twelve-month earnings of $0.57 per share, which is substantially higher than the Company's annualized dividend payout of $0.36 per share.
As of April 30, 2018, IDT's cash and cash equivalents totaled $50.15 million compared to $90.34 million as on July 31, 2017. Net cash provided by operating activities during Q3 FY18 was $11.5 million compared to net cash provided by operating activities of $1.3 million in Q3 FY17. In the same periods, capital expenditures were $5.0 million and $6.5 million, respectively. The Company's financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
On June 05, 2018, IDT reported revenue of $365.4 million for the third quarter of FY18 compared to revenue of $370.0 million in Q3 FY17. The Company recorded loss of $3.5 million, or $0.14 per share, in Q3 FY18 compared to a loss of $4.8 million, or $0.21 per share, in the year ago same period. IDT's results for Q3 FY18 included charges of $0.3 million for litigation related expenses and $3.7 million for severance.
For Q3 FY18, IDT reported non-GAAP earnings of $1.8 million, or $0.07 per share, compared to $2.8 million, or $0.12 per share, in Q3 FY17.
About IDT Corp.
IDT provides communications and payment services to individuals and businesses primarily through its flagship Boss Revolution® and net2phone® brands. IDT's wholesale carrier services business is a leading global carrier of international long-distance calls.
Stock Performance Snapshot
June 14, 2018 - At Thursday's closing bell, IDT's stock rose 1.28%, ending the trading session at $6.34.
Volume traded for the day: 207.13 thousand shares.
Stock performance in the last month – up 19.40%
After yesterday's close, IDT's market cap was at $168.01 million.
The stock has a dividend yield of 5.68%.
The stock is part of the Technology sector, categorized under the Diversified Communication Services industry. This sector was up 0.8% at the end of the session.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia