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

ADT Inc. (NYSE:ADT) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Thursday, December 12th will be given a dividend of 0.055 per share by the security and automation business on Thursday, January 9th. This represents a $0.22 annualized dividend and a yield of 2.70%. The ex-dividend date is Thursday, December 12th.

ADT has a payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings. Research 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 Up 17.6 %

Shares of NYSE:ADT opened at $8.14 on Friday. ADT has a fifty-two week low of $5.53 and a fifty-two week high of $8.25. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98. The firm’s 50-day simple moving average is $7.18 and its 200-day simple moving average is $7.15. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 11.63 and a beta of 1.53.

ADT (NYSE:ADT) last posted its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. ADT had a return on equity of 15.45% and a net margin of 13.83%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned $0.07 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts predict that ADT will post 0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their price target on 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.