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IDT Corporation Raises Quarterly Dividend to $0.18

The Board of Directors of IDT Corporation (NYSE: IDT) today declared a
quarterly dividend of $0.18 per share of Class A and Class B common
stock for the first quarter of its fiscal year 2015.

IDT raised its dividend from $0.17 per share paid during fiscal 2014.
The Company also paid a special dividend of $0.68 per share in November
after closing on the sale of its stake in Fabrix Systems.

The dividend declared today will be paid on or about December 19, 2014
to stockholders of record as of the close of business on December 15,
2014. The ex-dividend date will be December 11, 2014. The distribution
will be treated as a return of capital for tax purposes.

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 (,
developer of the popular eponymous app for a mobile content discovery
and acquisition. For more information on IDT, visit

Investor Relations
IDT Corporation
Bill Ulrey, 973-438-3838