ADT Inc. (NYSE:ADT – Get Free Report) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Thursday, September 10th will be given a dividend of 0.055 per share by the security and automation business on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, September 10th.
ADT has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. ADT has a dividend payout ratio of 23.7% meaning its dividend is sufficiently covered by earnings. Analysts expect ADT to earn $0.90 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 24.4%.
ADT Stock Performance
Shares of NYSE:ADT traded up $0.12 on Thursday, hitting $7.53. 10,899,992 shares of the company were exchanged, compared to its average volume of 10,488,330. The firm has a market capitalization of $5.52 billion, a P/E ratio of 10.76 and a beta of 1.01. The company has a current ratio of 0.84, a quick ratio of 0.67 and a debt-to-equity ratio of 1.94. ADT has a 1-year low of $6.24 and a 1-year high of $8.94. The stock’s 50 day moving average price is $6.78 and its 200 day moving average price is $7.11.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on ADT. Weiss Ratings reissued a “hold (c)” rating on shares of ADT in a report on Wednesday, July 15th. UBS Group set a $7.50 target price on ADT in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8.08.
ADT Company Profile
ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.
Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.
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