Ituran Location and Control Ltd. (NASDAQ:ITRN) to Issue Quarterly Dividend of $0.39

Ituran Location and Control Ltd. (NASDAQ:ITRNGet Free Report) declared a quarterly dividend on Tuesday, May 28th, Zacks reports. Shareholders of record on Tuesday, June 18th will be given a dividend of 0.39 per share by the industrial products company on Tuesday, July 2nd. This represents a $1.56 annualized dividend and a yield of 5.67%. The ex-dividend date is Tuesday, June 18th.

Ituran Location and Control has increased its dividend by an average of 41.5% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Ituran Location and Control has a dividend payout ratio of 56.7% meaning its dividend is sufficiently covered by earnings.

Ituran Location and Control Price Performance

Ituran Location and Control stock traded down $0.21 during trading hours on Wednesday, hitting $27.52. The stock had a trading volume of 13,853 shares, compared to its average volume of 49,924. The stock has a market capitalization of $547.37 million, a price-to-earnings ratio of 11.42 and a beta of 1.17. Ituran Location and Control has a 1-year low of $22.36 and a 1-year high of $31.01. The stock’s fifty day moving average is $26.99 and its two-hundred day moving average is $26.47.

Ituran Location and Control (NASDAQ:ITRNGet Free Report) last posted its earnings results on Thursday, February 29th. The industrial products company reported $0.60 earnings per share for the quarter. The company had revenue of $77.81 million for the quarter. Ituran Location and Control had a return on equity of 28.61% and a net margin of 15.04%.

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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Dividend History for Ituran Location and Control (NASDAQ:ITRN)

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