Ituran Location and Control Ltd. (ITRN) to Issue Quarterly Dividend of $0.39 on January 8th

Ituran Location and Control Ltd. (NASDAQ:ITRN) announced a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Investors of record on Monday, December 23rd will be paid 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 5.22%. The ex-dividend date of this dividend is Monday, December 23rd.

Ituran Location and Control has increased its dividend payment by an average of 41.5% per year over the last three years. Ituran Location and Control has a payout ratio of 54.9% indicating that its dividend is sufficiently covered by earnings.

Ituran Location and Control Stock Performance

ITRN stock opened at $29.86 on Friday. The stock has a 50-day simple moving average of $28.57 and a 200-day simple moving average of $27.18. The firm has a market cap of $594.03 million, a P/E ratio of 11.44 and a beta of 1.17. Ituran Location and Control has a 1 year low of $24.12 and a 1 year high of $31.64.

About Ituran Location and Control

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.