IDT Corporation Increases Quarterly Dividend by 16.7%

The utilities provider will pay a $0.07 dividend per share on March 31, 2026.

Mar. 11, 2026 at 7:07pm

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IDT Corporation (NYSE:IDT) announced that it will increase its quarterly dividend by 16.7% to $0.07 per share. The dividend will be paid on March 31, 2026 to shareholders of record as of March 19, 2026. This represents an annualized dividend of $0.28 per share and a dividend yield of 0.6%.

Why it matters

IDT's dividend increase reflects the company's strong financial performance and commitment to returning value to shareholders. As a diversified global provider of telecommunications and payment services, IDT's ability to raise its dividend amid market volatility demonstrates the resilience of its business model.

The details

IDT's previous quarterly dividend was $0.06 per share. The new $0.07 per share dividend represents a 16.7% increase. IDT has a dividend payout ratio of 7.1%, indicating that its dividend is well covered by earnings.

  • The ex-dividend date is Thursday, March 19, 2026.
  • The dividend will be paid on Tuesday, March 31, 2026.

The players

IDT Corporation

A diversified global provider of telecommunications and payment services, headquartered in Newark, New Jersey.

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What’s next

Investors will receive the increased $0.07 per share dividend on March 31, 2026.

The takeaway

IDT's dividend increase demonstrates the company's financial strength and commitment to shareholder returns, even in a volatile market environment. The higher payout reflects IDT's confidence in its ability to generate consistent cash flow to support its operations and reward investors.