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

Ituran Location and Control Ltd. (NASDAQ:ITRN) announced a quarterly dividend on Monday, August 19th, Zacks reports. Stockholders of record on Thursday, September 26th will be given a dividend of 0.39 per share by the industrial products company on Wednesday, October 9th. This represents a $1.56 annualized dividend and a dividend yield of 5.91%. The ex-dividend date of this dividend is Thursday, September 26th.

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 56.5% meaning its dividend is sufficiently covered by earnings.

Ituran Location and Control Price Performance

NASDAQ ITRN opened at $26.41 on Tuesday. The stock’s 50 day simple moving average is $27.07 and its 200 day simple moving average is $26.72. Ituran Location and Control has a one year low of $24.01 and a one year high of $30.10. The firm has a market cap of $525.40 million, a PE ratio of 10.56 and a beta of 1.15.

Ituran Location and Control (NASDAQ:ITRN) last issued its quarterly earnings results on Monday, August 19th. The industrial products company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. The business had revenue of $84.87 million during the quarter. Ituran Location and Control had a net margin of 15.42% and a return on equity of 28.43%.

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.