Loading...
Loading...
The Board of Directors of IDT Corporation
IDT today decided to
pay a special dividend of $0.60 per share to holders of its Class A and
Class B common stock. IDT has also suspended payment of its regular
$0.15 quarterly dividends for its 2013 fiscal year, the twelve months
ending July 31, 2013.
The special dividend will be paid on or about November 13, 2012 to
stockholders of record of as of the close of business on November 5,
2012. The ex-dividend date will be November 1, 2012. For tax purposes,
the $0.60 per share payment will be treated as a return of capital and
not as a dividend. Payments classified as returns of capital generally
reduce the basis in
See full press release© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in