Ituran Location and Control Ltd. (NASDAQ:ITRN – Get Rating) announced a quarterly dividend on Tuesday, February 28th, Zacks reports. Investors of record on Tuesday, March 21st will be given a dividend of 0.14 per share by the industrial products company on Tuesday, April 4th. This represents a $0.56 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Monday, March 20th. This is an increase from Ituran Location and Control’s previous quarterly dividend of $0.11.
Ituran Location and Control has decreased its dividend payment by an average of 16.2% annually over the last three years. Ituran Location and Control has a dividend payout ratio of 22.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ituran Location and Control to earn $2.50 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 22.4%.
Ituran Location and Control Stock Performance
ITRN opened at $21.84 on Friday. The business has a fifty day simple moving average of $22.29 and a 200 day simple moving average of $22.72. Ituran Location and Control has a 1 year low of $20.83 and a 1 year high of $27.52.
Hedge Funds Weigh In On Ituran Location and Control
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on Ituran Location and Control in a research note on Thursday. They issued a “strong-buy” rating for the company.
About Ituran Location and Control
Ituran Location & Control Ltd. engages in the provision of stolen vehicle recovery, fleet management, and tracking services. It operates through the following segments: Telematics Services and Telematics Products. The Telematics Services segment consists predominantly of regionally- based stolen vehicle recovery services, fleet management services and value-added services comprised of personal advanced locater services and concierge services.
- Get a free copy of the StockNews.com research report on Ituran Location and Control (ITRN)
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