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

ADT Inc. (NYSE:ADT) announced a quarterly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Friday, September 13th will be paid a dividend of 0.055 per share by the security and automation business on Friday, October 4th. This represents a $0.22 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Friday, September 13th.

ADT has a dividend payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Analysts expect ADT to earn $0.77 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 28.6%.

ADT Stock Performance

ADT stock opened at $7.06 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 1.98. The firm has a 50 day moving average of $7.39 and a 200 day moving average of $7.07. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 10.08 and a beta of 1.54. ADT has a 12-month low of $5.53 and a 12-month high of $7.92.

ADT (NYSE:ADT) last issued its quarterly earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. ADT had a return on equity of 15.45% and a net margin of 13.83%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the company earned $0.15 earnings per share. ADT’s revenue was up 3.2% on a year-over-year basis. As a group, research analysts predict that ADT will post 0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada cut their price target on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd.

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.