ADT Inc (NYSE:ADT) declared a quarterly dividend on Thursday, November 8th, Wall Street Journal reports. Investors of record on Friday, December 14th will be given a dividend of 0.035 per share by the security and automation business on Friday, January 4th. This represents a $0.14 annualized dividend and a yield of 1.73%. The ex-dividend date is Thursday, December 13th.
ADT has a payout ratio of 19.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect ADT to earn $1.16 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 12.1%.
ADT opened at $8.10 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.80 and a current ratio of 0.87. ADT has a 1 year low of $6.93 and a 1 year high of $13.02. The company has a market cap of $5.54 billion and a P/E ratio of -23.14.
A number of research analysts have recently commented on the company. Barclays lowered their target price on ADT from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, August 9th. Credit Suisse Group started coverage on ADT in a research note on Friday, August 10th. They set an “outperform” rating and a $12.50 price objective for the company. Zacks Investment Research cut ADT from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Finally, Deutsche Bank started coverage on ADT in a research note on Monday, October 1st. They set a “hold” rating and a $11.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $13.70.
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ADT Company Profile
ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.
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