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The Board of Directors of IDT Corporation (NYSE:IDT) today declared a
special dividend of $0.68 per share of Class A and Class B common stock.
The dividend will be paid on or about November 21, 2014 to stockholders
of record as of the close of business on November 14, 2014. The
ex-dividend date will be November 12, 2014. The distribution will be
treated as a return of capital for income tax purposes.
“After the sale of our majority stake in Fabrix Systems earlier this
month, IDT has declared a special dividend of sixty eight cents per
share,” said Shmuel Jonas, CEO of IDT. “As previously disclosed we are
evaluating several alternatives for deploying the balance of the
proceeds from the sale, and will have more to say as developments
warrant.”
ABOUT IDT CORPORATION
IDT
Corporation (NYSE:IDT), through its IDT Telecom division, provides
retail telecommunications and payment services to help immigrants and
the under-banked conveniently and inexpensively communicate and share
resources around the world. IDT Telecom’s wholesale business is a
leading global carrier of international long distance calls. IDT also
holds a majority interest in Zedge (www.zedge.net),
developer of the popular eponymous app for a mobile content discovery
and acquisition. For more information on IDT, visit www.idt.net.
Investor Relations
IDT Corporation
Bill Ulrey, 973-438-3838
invest@idt.net
