Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Shareholders of record on Monday, December 23rd will be given a dividend of 0.39 per share by the industrial products company on Wednesday, January 8th. This represents a $1.56 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Monday, December 23rd.
Ituran Location and Control has increased its dividend by an average of 41.5% annually over the last three years. Ituran Location and Control has a payout ratio of 56.5% meaning its dividend is sufficiently covered by earnings.
Ituran Location and Control Stock Performance
Shares of ITRN traded up $0.42 during mid-day trading on Friday, reaching $28.92. 38,096 shares of the company were exchanged, compared to its average volume of 57,632. The stock has a market capitalization of $575.22 million, a PE ratio of 11.18 and a beta of 1.14. Ituran Location and Control has a 52 week low of $24.12 and a 52 week high of $30.00. The business has a 50 day simple moving average of $27.04 and a two-hundred day simple moving average of $26.74.
Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last issued its quarterly earnings data on Monday, August 19th. The industrial products company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. The business had revenue of $84.87 million for the quarter. Ituran Location and Control had a return on equity of 28.43% and a net margin of 15.42%.
About Ituran Location and Control
(
Get Free Report)
Ituran Location and Control Ltd., together with its subsidiaries, provides location based telematics services and machine-to-machine telematics products. It operates through two segments, Telematics Services and Telematics Products. The Telematics services segment offers stolen vehicle recovery and tracking services, which enables to locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and locator services that allow customers to protect valuable merchandise and equipment.
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