ADT Inc. (ADT) to Issue Quarterly Dividend of $0.04 on October 4th

Posted by on Aug 10th, 2023

ADT Inc. (NYSE:ADT – Get Free Report) announced a quarterly dividend on Tuesday, August 8th, Zacks reports. Investors of record on Friday, September 15th will be paid a dividend of 0.035 per share by the security and automation business on Wednesday, October 4th. This represents a $0.14 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, September 14th.

ADT has a payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect ADT to earn $0.62 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 22.6%.

ADT Stock Performance

ADT stock opened at $6.48 on Thursday. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.81 and a quick ratio of 0.61. ADT has a 1-year low of $4.89 and a 1-year high of $10.10. The business has a 50-day moving average price of $6.20 and a 200 day moving average price of $6.83. The company has a market capitalization of $5.97 billion, a P/E ratio of 215.83 and a beta of 1.71.

Institutional Investors Weigh In On ADT

Institutional investors have recently modified their holdings of the business. Apollo Management Holdings L.P. purchased a new stake in shares of ADT during the first quarter worth $3,602,712,000. Vanguard Group Inc. grew its position in shares of ADT by 26.3% in the first quarter. Vanguard Group Inc. now owns 18,580,954 shares of the security and automation business’s stock valued at $141,029,000 after purchasing an additional 3,864,889 shares in the last quarter. Norges Bank acquired a new stake in shares of ADT in the fourth quarter valued at approximately $18,754,000. State Street Corp increased its holdings in shares of ADT by 66.8% in the second quarter. State Street Corp now owns 4,591,616 shares of the security and automation business’s stock valued at $28,334,000 after purchasing an additional 1,838,765 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in ADT by 88.7% during the first quarter. AQR Capital Management LLC now owns 3,184,887 shares of the security and automation business’s stock worth $22,899,000 after buying an additional 1,496,996 shares in the last quarter. 85.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered their target price on shares of ADT from $11.00 to $9.00 in a research note on Wednesday, May 3rd.

View Our Latest Research Report on ADT

About ADT

(Get Free Report)

ADT Inc provides security, automation, and smart home solutions to consumer and business customers in the United States. It operates through Consumer and Small Business, Commercial, and Solar segments. The company provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers.

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Dividend History for ADT (NYSE:ADT)

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