IDT Corporation Raises Quarterly Dividend to $0.18

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.... Read more

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