ADT Inc. (ADT) to Issue Quarterly Dividend of $0.06 on April 3rd

ADT Inc. (NYSE:ADT) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors 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 2.86%. The ex-dividend date is Thursday, March 13th.

ADT has increased its dividend payment by an average of 16.3% per year over the last three years. ADT has a dividend payout ratio of 23.9% 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 Down 1.3 %

Shares of ADT opened at $7.70 on Tuesday. The company’s fifty day simple moving average is $7.42 and its 200-day simple moving average is $7.32. The company has a market cap of $6.74 billion, a P/E ratio of 8.36 and a beta of 1.58. 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 twelve month low of $6.10 and a twelve month high of $8.39.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ADT. Morgan Stanley raised their price objective on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $9.00 price target on shares of ADT in a research note on Wednesday, January 29th.

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.