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 Friday, November 22nd,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date 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 dividend payout ratio of 56.5% indicating that its dividend is sufficiently covered by earnings.

Ituran Location and Control Stock Up 1.7 %

Ituran Location and Control stock opened at $28.98 on Friday. The company has a market cap of $576.41 million, a price-to-earnings ratio of 11.10 and a beta of 1.14. The firm’s fifty day moving average is $27.07 and its 200 day moving average is $26.75. Ituran Location and Control has a 52-week low of $24.12 and a 52-week high of $30.00.

Ituran Location and Control Company Profile

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.