ADT Inc. announces dividend reinvestment plan
ADT announced that its stockholders will have an opportunity to participate in its Dividend Reinvestment Plan. The company has adopted the Plan to provide stockholders of record on the applicable record date with the opportunity to designate all or a portion of the cash dividends they are entitled to receive on their shares of common stock for reinvestment in additional shares of the company's common stock. Initially, the company will issue the shares under the Plan directly at no discount to the volume weighted average closing trading price per share of the company's common stock for the five trading days preceding the dividend payment date with respect to the common stock and without incurring brokerage fees or commissions. The maximum number of shares of common stock that may be issued under the Plan is 18,750,000 shares and the Plan will be in effect until February 27, 2021 unless earlier suspended or terminated by the board of directors.