IDT Corporation Announces Quarterly Dividend

The Board of Directors of IDT Corporation (NYSE: IDT) yesterday declared a $0.23 per share dividend for the fourth quarter of IDT’s 2011 fiscal year.

The dividend will be payable October 12, 2011 to stockholders of record of Class A Common Stock and Class B Common Stock as of the close of business on October 3, 2011.

“IDT’s Board is committed to continuing dividends commensurate with our financial results, available resources and strategic goals,” commented IDT’s Chairman and CEO, Howard Jonas.

For its full fiscal year 2011, IDT has declared dividends of $0.90 per share.

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 (NYSE:IDT) is a consumer services company with operations primarily in the telecommunications and energy industries. Find out more at www.idt.net.

Copyright Business Wire 2010

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