Ituran Location and Control Ltd. (ITRN) to Issue Quarterly Dividend of $0.39 on October 9th

Ituran Location and Control Ltd. (NASDAQ:ITRN) declared a quarterly dividend on Monday, August 19th, Zacks reports. Investors 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 dividend on an annualized basis and a 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% 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 Trading Down 0.6 %

Shares of ITRN stock opened at $26.41 on Tuesday. The company has a market capitalization of $525.40 million, a price-to-earnings ratio of 10.56 and a beta of 1.15. Ituran Location and Control has a 1-year low of $24.01 and a 1-year high of $30.10. The stock’s fifty day simple moving average is $27.07 and its 200-day simple moving average is $26.72.

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

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.