IDT Corporation Declares $0.22 Dividend
December 06 2010 - 5:15PM
Business Wire
The Board of Directors of IDT Corporation (NYSE: IDT, IDT.C)
today declared a cash dividend of $0.22 per share for the second
quarter of its 2011 fiscal year.
The dividend will the paid or about December 28th to
shareholders of record at the close of business on December 16th.
Holders of IDT Corporation Common Stock, Class A Common Stock and
Class B Common Stock will receive the dividend. The ex-dividend
date is December 14th.
“We are executing on our previously announced plans to generate
value for our shareholders,” said Howard Jonas, IDT’s CEO. “While
we continue to invest in our long-term value creation propositions,
we are sharing the benefits of our current profitable operations
with our shareholders. The Board has indicated that it intends to
continue paying dividends commensurate with the Company’s
operational performance, financial resources and capital
requirements.”
In this press release, all statements that are not purely about
historical facts, including, but not limited to, those in which we
use the words “believe,” “anticipate,” “expect,” “plan,” “intend,”
“estimate, “target” and similar expressions, are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. While these forward-looking statements
represent our current judgment of what may happen in the future,
actual results may differ materially from the results expressed or
implied by these statements due to numerous important factors,
including, but not limited to, those described in our most recent
report on SEC Form 10-K (under the headings “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations”), which may be revised or supplemented in
subsequent reports on SEC Forms 10-Q and 8-K. We are under no
obligation, and expressly disclaim any obligation, to update the
forward-looking statements in this press release, whether as a
result of new information, future events or otherwise.
About IDT Corporation:
IDT Corporation (www.idt.net) is a consumer services company
with operations primarily in the telecommunications and energy
industries. IDT Corporation's Class B Common Stock and Common Stock
trade on the New York Stock Exchange under the ticker symbols IDT
and IDT.C, respectively.
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