ADT Inc. Announces Quarterly Dividend of $0.06 (NYSE:ADT)

ADT Inc. (NYSE:ADT) announced a quarterly dividend on Tuesday, November 4th. Shareholders of record on Thursday, December 11th will be paid a dividend of 0.055 per share by the security and automation business on Thursday, January 8th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 11th.

ADT has decreased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. ADT has a payout ratio of 23.7% meaning its dividend is sufficiently covered by earnings. Analysts expect ADT to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 27.8%.

ADT Trading Down 8.1%

ADT stock traded down $0.72 during midday trading on Tuesday, hitting $8.08. The company had a trading volume of 16,338,098 shares, compared to its average volume of 13,358,922. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84. ADT has a 52 week low of $6.71 and a 52 week high of $8.94. The stock’s 50 day moving average price is $8.68 and its 200 day moving average price is $8.47. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 12.23 and a beta of 1.00.

ADT (NYSE:ADT) last issued its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. The firm had revenue of $1.31 billion for the quarter. ADT had a net margin of 12.30% and a return on equity of 18.58%. As a group, equities research analysts expect that ADT will post 0.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ADT shares. Citigroup upped their target price on ADT from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Weiss Ratings restated a “buy (b)” rating on shares of ADT in a report on Wednesday, October 8th. Morgan Stanley upped their price objective on shares of ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Zacks Research lowered shares of ADT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Wall Street Zen downgraded shares of ADT from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, ADT presently has a consensus rating of “Hold” and a consensus target price of $9.38.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.