ADT Inc. (ADT) to Issue Quarterly Dividend of $0.06 on January 8th

ADT Inc. (NYSE:ADT) declared a quarterly dividend on Tuesday, November 4th. Shareholders of record on Thursday, December 11th will be given a dividend of 0.055 per share by the security and automation business on Thursday, January 8th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 11th.

ADT has decreased its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. ADT has a payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ADT to earn $0.79 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 27.8%.

ADT Stock Performance

Shares of NYSE:ADT opened at $8.12 on Thursday. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 11.77 and a beta of 1.00. ADT has a 12 month low of $6.71 and a 12 month high of $8.94. The firm’s 50-day moving average is $8.65 and its 200 day moving average is $8.47. The company has a current ratio of 0.67, a quick ratio of 0.37 and a debt-to-equity ratio of 1.99.

ADT (NYSE:ADT) last announced its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share (EPS) for the quarter. ADT had a return on equity of 18.96% and a net margin of 12.52%.The firm had revenue of $1.31 billion during the quarter. Research analysts predict that ADT will post 0.7 EPS for the current year.

Institutional Investors Weigh In On ADT

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in ADT by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business’s stock valued at $404,688,000 after purchasing an additional 5,160,835 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of ADT by 21.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 26,077,931 shares of the security and automation business’s stock valued at $212,264,000 after purchasing an additional 4,624,120 shares during the last quarter. Norges Bank acquired a new position in ADT in the second quarter valued at about $219,825,000. LSV Asset Management boosted its stake in ADT by 97.1% during the second quarter. LSV Asset Management now owns 24,727,193 shares of the security and automation business’s stock worth $209,439,000 after buying an additional 12,182,009 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of ADT by 5.5% during the second quarter. Alliancebernstein L.P. now owns 16,346,077 shares of the security and automation business’s stock valued at $138,451,000 after acquiring an additional 853,767 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

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.