EX-Dividend Schedule: ADT Inc. Announced Its First Quarterly Dividend; Will Trade Ex-Dividend on March 23, 2018
LONDON, UK / ACCESSWIRE / March 22, 2018 / Active-Investors has a free review on ADT Inc. (NYSE: ADT) following the Company’s announcement that it will begin trading ex-dividend on March 23, 2018. To capture the dividend payout, investors are required to purchase the stock a day prior to the ex-dividend date, that is by latest at the end of trading session on March 22, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on ADT:
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Dividend Declared
On March 15, 2018, ADT’s Board of Directors declared its first quarter cash dividend of $0.035 per share payable on April 05, 2018, to common stockholders of record on March 26, 2018. On January 23, 2018, the Company closed its initial public offering of 105 million shares of common stock.
ADT’s indicated dividend represents a yield of 1.53% compared to the average dividend yield of 2.04% for the Services sector.
Dividend Insight
ADT has a dividend payout ratio of 33.3%, which denotes that the Company spends approximately $0.33 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects the amount a Company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to cash reserves.
According to analysts’ estimates, ADT is forecasted to report earnings of $1.14 for the next year, which is substantially higher than the Company’s annualized dividend of $0.14 per share.
ADT’s operating cash flow was $330 million in Q4 2017, up 40% on a y-o-y basis. The Company’s operating cash flow surged 39% to $1.59 billion for FY17. For Q4 2017, ADT’s free cash flow before special items was $22 million, up from negative $42 million in Q4 2016. The Company’s free cash flow before special items grew 22% to $403 million in FY17. ADT’s cash and cash equivalents as of December 31, 2017, totaled $123 million. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.
Recent Development for ADT
On March 13, 2018, ADT announced the completed acquisition of Acme Security Systems. Acme will join forces with recently acquired Aronson Security Group (ASG) to further drive commercial growth and expansion. The price for the transaction was not disclosed.
Headquartered in San Francisco and founded in 1974, Acme is among the largest privately held security systems integrators in the Bay Area, focusing on electronic security systems, access control, video networks and more.
About ADT Inc.
ADT is a leading provider of security and automation solutions for homes and businesses in the United States and Canada, people on-the-go and their networks. ADT is headquartered in Boca Raton, Florida and employs more than 18,000 people in the United States and Canada.
Stock Performance Snapshot
March 21, 2018 – At Wednesday’s closing bell, ADT’s stock was marginally up 0.11%, ending the trading session at $8.97.
Volume traded for the day: 3.75 million shares.
After yesterday’s close, ADT’s market cap was at $6.87 billion.
The stock has a dividend yield of 1.56%.
The stock is part of the Services sector, categorized under the Security & Protection Services industry.
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