ADTRAN, Inc. (NASDAQ:ADTN) will begin trading ex-dividend on November 16, 2020. The quarterly dividend payment of $ 0.09 per share is scheduled to be paid on December 1, 2020. The dividend yield based on the latest trading day closing price was 2.92 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 16, 2020.
Dividends History
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ADTRAN, Inc. recently reported third quarter financial results on November 2, 2020, after market close, manufacturer of network communication equipments came out with income for the third quarter of $ 0.16 per share, from the revenue of $ 133.14 million. The quarterly revenues escalated 16.70 percent compared with the same quarter last year. The consensus estimates are income of $ 0.07 per share from $ 132.86 million in revenue. The bottom line results beat street analysts by $ 0.09 or 128.57 percent, at the same time, top line results outshined analysts by $ 0.28 million or 0.21 percent.
Stock Performance
Shares of ADTRAN, Inc. traded low $ -0.18 or -1.44 percent on Thursday, reaching $ 12.33 with volume of 258.60 thousand shares. ADTRAN, Inc. has traded high as $ 12.67 and has cracked $ 12.17 on the downward trend
According to the previous trading day, closing price of $ 12.33, representing a 160.63 % increase from the 52 week low of $ 4.80 and a 5.23 % decrease over the 52 week high of $ 13.20.
The company has a market capital of $ 591.30 million and is part of the Technology sector and Communication Equipment industry.
ADTRAN, Inc. provides networking and communications equipment for service providers, cable/multiple system operators, and distributed enterprises in the United States and internationally. The company operates through Network Solutions, and Services & Support segments.
