ADT Inc (NYSE:ADT) to Issue $0.04 Quarterly Dividend

ADT Inc (NYSE:ADT) declared a quarterly dividend on Thursday, May 7th, Zacks reports. Shareholders of record on Thursday, June 18th will be given a dividend of 0.035 per share by the security and automation business on Thursday, July 2nd. This represents a $0.14 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Wednesday, June 17th.

ADT has a payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ADT to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 13.7%.

ADT opened at $8.24 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.58 and a debt-to-equity ratio of 3.42. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of -9.26, a PEG ratio of 1.95 and a beta of 2.28. ADT has a twelve month low of $3.40 and a twelve month high of $9.70. The company’s 50-day moving average price is $6.65 and its two-hundred day moving average price is $6.54.

ADT (NYSE:ADT) last posted its earnings results on Thursday, May 7th. The security and automation business reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.28). The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.23 billion. ADT had a negative return on equity of 3.45% and a negative net margin of 12.53%. The business’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the company posted ($0.02) EPS. As a group, sell-side analysts anticipate that ADT will post 1 earnings per share for the current year.

ADT has been the topic of a number of analyst reports. Bank of America decreased their target price on shares of ADT from $8.00 to $6.50 and set a “neutral” rating on the stock in a report on Monday, April 20th. Morgan Stanley decreased their target price on shares of ADT from $7.00 to $6.50 and set an “equal weight” rating on the stock in a report on Wednesday, April 22nd. Imperial Capital decreased their target price on shares of ADT from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Zacks Investment Research raised shares of ADT from a “sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Deutsche Bank cut their price objective on shares of ADT from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Friday, March 6th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. ADT presently has a consensus rating of “Hold” and a consensus target price of $7.78.

ADT Company Profile

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies such as injuries, medical emergencies, or incapacitation.

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Dividend History for ADT (NYSE:ADT)

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