ADT Inc (NYSE:ADT) announced a quarterly dividend on Wednesday, August 5th, Zacks reports. Investors of record on Friday, September 18th will be paid a dividend of 0.035 per share by the security and automation business on Friday, October 2nd. This represents a $0.14 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 17th.

ADT has decreased its dividend payment by 36.4% over the last three years and has increased its dividend annually for the last 1 consecutive years. ADT has a dividend payout ratio of 12.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ADT to earn $0.99 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 14.1%.

Shares of ADT stock opened at $10.80 on Wednesday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.53 and a quick ratio of 0.39. ADT has a fifty-two week low of $3.40 and a fifty-two week high of $17.21. The business has a 50-day moving average price of $10.93 and a 200 day moving average price of $7.51.

ADT (NYSE:ADT) last issued its earnings results on Wednesday, August 5th. The security and automation business reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.34). ADT had a negative net margin of 12.47% and a negative return on equity of 4.99%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. On average, equities analysts forecast that ADT will post 1.07 EPS for the current fiscal year.

ADT has been the subject of a number of research reports. Citigroup decreased their target price on ADT from $15.00 to $13.50 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Morgan Stanley lifted their target price on ADT from $7.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Royal Bank of Canada lifted their target price on ADT from $10.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. They noted that the move was a valuation call. Deutsche Bank boosted their price objective on ADT from $7.00 to $11.00 and gave the stock a “hold” rating in a research report on Tuesday, August 4th. Finally, Goldman Sachs Group boosted their price objective on ADT from $9.00 to $17.00 in a research report on Tuesday, August 4th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $11.86.

About ADT

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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