ADT Inc (ADT) to Issue Quarterly Dividend of $0.04

Share on StockTwits

ADT Inc (NYSE:ADT) announced a quarterly dividend on Thursday, August 9th, Wall Street Journal reports. Investors of record on Tuesday, September 18th will be paid a dividend of 0.035 per share by the security and automation business on Tuesday, October 2nd. This represents a $0.14 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Monday, September 17th.

ADT has a dividend payout ratio of 19.4% meaning its dividend is sufficiently covered by earnings. Analysts expect ADT to earn $1.18 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 11.9%.

Shares of NYSE ADT opened at $8.56 on Friday. ADT has a 12-month low of $6.93 and a 12-month high of $13.02. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.80 and a current ratio of 0.87.

ADT (NYSE:ADT) last announced its quarterly earnings data on Wednesday, August 8th. The security and automation business reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. The firm’s revenue was up 5.9% on a year-over-year basis. equities analysts forecast that ADT will post 0.72 EPS for the current fiscal year.

Several brokerages recently issued reports on ADT. Zacks Investment Research raised shares of ADT from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. Credit Suisse Group began coverage on shares of ADT in a research note on Friday, August 10th. They set an “outperform” rating and a $12.50 price objective for the company. Finally, Barclays dropped their price objective on shares of ADT from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $14.75.

ADT Company Profile

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.

Featured Story: Technical Analysis

Dividend History for ADT (NYSE:ADT)

Receive News & Ratings for ADT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADT and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply