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Today, IDT Corporation (NYSE:IDT), a $1.5 billion market cap company, announced a quarterly cash dividend of $0.06 per share, representing an annual yield of 0.41%. The dividend is scheduled to be paid on June 18, 2025, to shareholders of record as of June 9, 2025. According to InvestingPro data, IDT has demonstrated remarkable strength with a 52% return over the past year and maintains a "GREAT" financial health rating. This information was disclosed in a recent 8-K filing with the Securities and Exchange Commission. IDT Corporation, headquartered in Newark, New Jersey, operates within the telephone communications industry. The company holds more cash than debt on its balance sheet and maintains strong liquidity, with current assets exceeding short-term obligations. For deeper insights into IDT’s financial health and growth potential, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, IDT Corporation reported its Q2 2025 earnings, highlighting strong financial performance with a record consolidated adjusted EBITDA of $34 million, contributing to a first-half total of $63 million. The company achieved revenue of $303.35 million and earnings per share of $0.84, both aligning with market expectations. IDT announced a 20% increase in its quarterly dividend, reflecting its commitment to returning value to shareholders. The company also repurchased 179,000 shares for $8.5 million during the quarter. IDT launched new products, including the Nettofone AI agent, and expanded into new markets such as Venezuela, Brazil, and Eritrea. The company’s fintech and communications divisions continued to drive growth, with recurring revenue increasing by 32%. Analysts from the earnings call noted that IDT’s strategic cash management and focus on profitability have positioned it well against competitors. These developments indicate IDT’s ongoing efforts to enhance shareholder value and strengthen its market position.
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