IDT Corporation Declares a Special Dividend of $0.68 per Share
October 28 2014 - 6:18PM
Business Wire
The Board of Directors of IDT Corporation (NYSE:IDT) today
declared a special dividend of $0.68 per share of Class A and Class
B common stock. The dividend will be paid on or about November 21,
2014 to stockholders of record as of the close of business on
November 14, 2014. The ex-dividend date will be November 12, 2014.
The distribution will be treated as a return of capital for income
tax purposes.
“After the sale of our majority stake in Fabrix Systems earlier
this month, IDT has declared a special dividend of sixty eight
cents per share,” said Shmuel Jonas, CEO of IDT. “As previously
disclosed we are evaluating several alternatives for deploying the
balance of the proceeds from the sale, and will have more to say as
developments warrant.”
ABOUT IDT CORPORATION
IDT Corporation (NYSE:IDT), through its IDT Telecom division,
provides retail telecommunications and payment services to help
immigrants and the under-banked conveniently and inexpensively
communicate and share resources around the world. IDT Telecom’s
wholesale business is a leading global carrier of international
long distance calls. IDT also holds a majority interest in Zedge
(www.zedge.net), developer of the popular eponymous app for a
mobile content discovery and acquisition. For more information on
IDT, visit www.idt.net.
Investor RelationsIDT CorporationBill Ulrey,
973-438-3838invest@idt.net
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