ADT Inc. (NYSE:ADT – Get Free Report) announced a quarterly dividend on Thursday, April 30th. Shareholders of record on Thursday, June 11th will be given a dividend of 0.055 per share by the security and automation business on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, June 11th.
ADT has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. ADT has a payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect ADT to earn $0.88 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 25.0%.
ADT Stock Performance
NYSE ADT opened at $7.55 on Friday. The firm’s fifty day moving average price is $6.94 and its two-hundred day moving average price is $7.74. The stock has a market cap of $6.19 billion, a PE ratio of 11.43 and a beta of 1.04. ADT has a fifty-two week low of $6.25 and a fifty-two week high of $8.94. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.73 and a current ratio of 0.93.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on ADT shares. Zacks Research raised shares of ADT from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Citigroup decreased their target price on shares of ADT from $10.00 to $8.50 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Morgan Stanley decreased their target price on shares of ADT from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $10.40 target price on shares of ADT in a research note on Monday, March 2nd. Finally, Barclays reissued an “underweight” rating and issued a $7.00 price objective on shares of ADT in a research note on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, ADT currently has an average rating of “Hold” and a consensus target price of $8.23.
Read Our Latest Stock Report on ADT
ADT Company Profile
ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.
Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.
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