Ituran Location and Control Ltd. (ITRN) to Issue Quarterly Dividend of $0.50 on January 15th

Ituran Location and Control Ltd. (NASDAQ:ITRNGet Free Report) declared a quarterly dividend on Tuesday, November 18th. Shareholders of record on Monday, December 29th will be given a dividend of 0.50 per share by the industrial products company on Thursday, January 15th. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, December 29th.

Ituran Location and Control has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. Ituran Location and Control has a dividend payout ratio of 61.5% meaning its dividend is sufficiently covered by earnings.

Ituran Location and Control Price Performance

ITRN stock opened at $43.38 on Friday. The business has a 50 day simple moving average of $39.88 and a 200-day simple moving average of $38.22. Ituran Location and Control has a twelve month low of $29.71 and a twelve month high of $45.43.

Ituran Location and Control (NASDAQ:ITRNGet Free Report) last released its quarterly earnings results on Tuesday, November 18th. The industrial products company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.68 by $0.06. The firm had revenue of $92.28 million during the quarter, compared to the consensus estimate of $86.52 million. Ituran Location and Control had a net margin of 16.23% and a return on equity of 27.68%.

Ituran Location and Control Company Profile

(Get Free Report)

Ituran Location and Control Ltd. is a provider of wireless vehicle tracking and stolen vehicle recovery services. The company leverages a combination of cellular and global positioning system (GPS) technologies to offer real-time monitoring and location-based solutions for private vehicle owners, fleet operators and insurance companies. Its core offerings include subscription-based tracking devices, centralized control centers and software platforms that enable clients to detect unauthorized vehicle use, dispatch recovery teams and manage fleet logistics.

Founded in 1994 in Israel, Ituran pioneered the use of wireless communications for security and telematics applications.

See Also

Dividend History for Ituran Location and Control (NASDAQ:ITRN)

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