IDT Corporation Declares a Special Dividend of $0.68 per Share

The Board of Directors of IDT Corporation (NYSE:IDT) today declared a special dividend of $0.68 per share of Class A and Class B common stock. The dividend will be paid on or about November 21, 2014 to stockholders of record as of the close of business on November 14, 2014. The ex-dividend date will be November 12, 2014. The distribution will be treated as a return of capital for income tax purposes.

“After the sale of our majority stake in Fabrix Systems earlier this month, IDT has declared a special dividend of sixty eight cents per share,” said Shmuel Jonas, CEO of IDT. “As previously disclosed we are evaluating several alternatives for deploying the balance of the proceeds from the sale, and will have more to say as developments warrant.”

ABOUT IDT CORPORATION

IDT Corporation (NYSE:IDT), through its IDT Telecom division, provides retail telecommunications and payment services to help immigrants and the under-banked conveniently and inexpensively communicate and share resources around the world. IDT Telecom’s wholesale business is a leading global carrier of international long distance calls. IDT also holds a majority interest in Zedge (www.zedge.net), developer of the popular eponymous app for a mobile content discovery and acquisition. For more information on IDT, visit www.idt.net.

Investor RelationsIDT CorporationBill Ulrey, [e-mail]