ADTRAN, Inc. (NASDAQ:ADTN) Updates On Quarterly Dividend


As per ADTRAN, Inc. (NASDAQ:ADTN) statement on 2016-07-13, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.09 per share as dividend to stakeholders. The record date is set as 2016-07-28, the payout date as 2016-08-11 and the ex-dividend date is 2016-07-26.

Last fiscal ADTRAN, Inc. (NASDAQ:ADTN) disbursed cash dividend of $0.09. A year ago, the payout was $0.09, which indicates a difference of 0%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.09, implying 0% growth.

For the period ended on 2015-12-31, ADTRAN, Inc. (NASDAQ:ADTN)’s earnings came at $0.22 per share compared to EPS of $0.16 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-10-11. For this quarter, the analysts have earnings estimate of $0.21 per share.

The interim price target for ADTRAN, Inc. (NASDAQ:ADTN) is set at $19.214. This level is the mean price reached by averaging the stock views of 7 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for ADTRAN, Inc. (NASDAQ:ADTN) is seen at $24 and the lowest level is established at $15. This broad range highlights a standard deviation of $3.51 in reported estimates.

Shares of the ADTRAN, Inc. (NASDAQ:ADTN) traded in the range of $17.84 to $18.14 and closed the last trading session at $18.06 on a volume of ((Volume:238}}.

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