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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.
IDT Corporation
Investor Relations
Bill Ulrey, 973-438-3838
invest@idt.net
