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

ADT Inc. (NYSE:ADT) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Thursday, June 13th will be paid a dividend of 0.055 per share by the security and automation business on Tuesday, July 9th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Thursday, June 13th.

ADT has a dividend payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Equities 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 1.6 %

Shares of ADT opened at $6.43 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 1.99. ADT has a 12-month low of $4.89 and a 12-month high of $7.60. The firm has a 50-day moving average price of $6.60 and a 200 day moving average price of $6.44. The firm has a market capitalization of $5.93 billion, a P/E ratio of 12.86 and a beta of 1.57.

ADT (NYSE:ADT) last announced its quarterly earnings data on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. ADT had a net margin of 8.69% and a return on equity of 14.85%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the firm posted $0.08 earnings per share. ADT’s quarterly revenue was down 27.1% on a year-over-year basis. Sell-side analysts forecast that ADT will post 0.67 EPS for the current year.

Wall Street Analyst Weigh In

ADT has been the subject of a number of analyst reports. Barclays dropped their price objective on shares of ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Friday, March 22nd. The Goldman Sachs Group increased their target price on shares of ADT from $7.50 to $8.30 and gave the stock a “buy” rating in a research note on Thursday, February 29th.

About ADT

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.