ADT Inc. (NYSE:ADT) Declares $0.06 Quarterly Dividend

ADT Inc. (NYSE:ADT) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be paid a dividend of 0.055 per share by the security and automation business on Thursday, April 3rd. This represents a $0.22 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Thursday, March 13th.

ADT has raised its dividend by an average of 16.3% per year over the last three years. ADT has a payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 0.7 %

ADT stock traded up $0.06 during mid-day trading on Friday, reaching $8.18. The company’s stock had a trading volume of 29,954,240 shares, compared to its average volume of 7,441,542. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 8.89 and a beta of 1.50. The business’s 50 day moving average price is $7.30 and its 200 day moving average price is $7.30. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT has a 12 month low of $6.10 and a 12 month high of $8.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ADT shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $9.00 target price on shares of ADT in a report on Wednesday, January 29th. Morgan Stanley raised their price objective on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th.

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.