IDT Corporation Raises Quarterly Dividend to $0.18
December 02 2014 - 5:00PM
Business Wire
The Board of Directors of IDT Corporation (NYSE: IDT) today
declared a quarterly dividend of $0.18 per share of Class A and
Class B common stock for the first quarter of its fiscal year
2015.
IDT raised its dividend from $0.17 per share paid during fiscal
2014. The Company also paid a special dividend of $0.68 per share
in November after closing on the sale of its stake in Fabrix
Systems.
The dividend declared today will be paid on or about December
19, 2014 to stockholders of record as of the close of business on
December 15, 2014. The ex-dividend date will be December 11, 2014.
The distribution will be treated as a return of capital for tax
purposes.
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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