IDT Corp announces quarterly cash dividend

NEWARK, NJ - IDT Corporation (NYSE:IDT), a provider of telecommunications services with a market capitalization of $1.28 billion, has declared a quarterly cash dividend of $0.06 per share, as announced on Thursday. The dividend is payable on March 25, 2025, to shareholders of record as of March 17, 2025. The current dividend yield stands at 0.43%, according to InvestingPro data.

This announcement was made in accordance with a current report filed with the Securities and Exchange Commission on March 7, 2025. The information in this report is not considered "filed" for SEC purposes and is not incorporated by reference into any other SEC filings.

IDT Corporation, headquartered in Newark, New Jersey, is recognized within the telecommunications industry under the SIC code 4813, which pertains to telephone communications excluding radio telephone services.

The declaration of dividends is a common practice for companies like IDT Corporation to distribute a portion of their earnings back to shareholders. It is an important event for investors as it provides them with a direct return on their investment.

The recent dividend declaration by IDT Corporation is based on a press release statement and reflects the company’s ongoing commitment to providing value to its shareholders. It is important to note that dividend payments are subject to change and can be influenced by various factors including company earnings, financial stability, and board decisions.

Investors in IDT Corporation can expect to receive the declared dividend later this month, provided they are on the company’s books by the record date. The dividend yield and payout ratio are key indicators of the company’s dividend policy’s sustainability and attractiveness to investors.

The announcement of the dividend payment is an essential piece of information for current and potential investors as it provides insight into the company’s financial health and management’s confidence in its future cash flows.

In other recent news, IDT Corporation announced its Q2 2025 financial results, highlighting a record consolidated adjusted EBITDA of $34 million, contributing to a first-half total of $63 million. The company reported revenue of $303.35 million and earnings per share of $0.84, both aligning with market expectations. IDT increased its quarterly dividend by 20% and repurchased 179,000 shares for $8.5 million. The company also launched new products, including the Nettofone AI agent, and reported a 32% growth in revenue from recurring sources. Analysts have noted IDT’s strong performance across its business segments, particularly in fintech and communications, with expansion into new markets such as Venezuela, Brazil, and Eritrea. The company’s strategic cash management and focus on AI capabilities were emphasized by CFO Marcelo Fisher. Looking forward, IDT projects approximately 40% adjusted EBITDA growth for fiscal 2025 and plans to maintain its adjusted EBITDA levels through the second half of the fiscal year.

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