IDT Corporation Raises Quarterly Dividend 17% to $0.07 Per Share
IDT Corporation, a global provider of fintech and communications solutions, declared a quarterly cash dividend of $0.07 per share, marking a 17% increase in its annual dividend rate from $0.24 to $0.28.
IDT Corporation (NYSE: IDT), a global provider of fintech and communications solutions, declared a quarterly cash dividend of $0.07 per share on both its Class A and Class B common stock, the company announced Monday. The dividend represents a 17% increase from the prior quarterly rate of $0.06 per share. Read more dividend announcements.
The dividend will be paid on March 31, 2026, to shareholders of record as of March 19, 2026. The increase raises IDT's annual dividend from $0.24 to $0.28 per share.
Dividend Details
| Item | Details |
|---|---|
| Dividend Amount | $0.07 per share |
| Previous Amount | $0.06 per share |
| Record Date | March 19, 2026 |
| Payment Date | March 31, 2026 |
| Annual Rate | $0.28 (increased from $0.24) |
Company Financial Performance
The dividend announcement came alongside IDT's fiscal second quarter 2026 results for the three months ended January 31, 2026. The company reported revenue of $320.5 million, up 6% from $303.3 million in the year-ago period. Gross profit increased 8% to $121.3 million.
IDT posted income from operations of $27.2 million in the quarter, down 4% from $28.3 million in the prior year period. The company reported GAAP earnings per share of $0.84, up from $0.80 in the year-ago quarter.
The company also raised its fiscal 2026 guidance for consolidated adjusted EBITDA from a range of $141 million to $145 million to a new range of $147 million to $149 million. At the midpoint, the updated guidance represents a 12% increase from fiscal 2025 adjusted EBITDA of $131.7 million.
As of January 31, 2026, IDT held $246.2 million in cash, cash equivalents, debt securities, and current equity investments. The company had no outstanding debt at quarter end. Current assets totaled $572.8 million against current liabilities of $308.4 million.
During the second quarter, IDT repurchased 149,000 shares of common stock for $7.4 million. For the first half of fiscal 2026, total stock repurchases reached 308,000 shares for $15 million.