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

Ituran Location and Control Ltd. (NASDAQ:ITRN) announced 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 annualized dividend and a yield of 5.91%. The ex-dividend date is Thursday, September 26th.

Ituran Location and Control has raised its dividend 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 Stock Performance

NASDAQ:ITRN opened at $26.41 on Wednesday. The stock has a fifty day moving average of $27.09 and a 200 day moving average of $26.73. Ituran Location and Control has a 52-week low of $24.01 and a 52-week high of $30.10. The firm has a market capitalization of $525.29 million, a price-to-earnings ratio of 10.56 and a beta of 1.15.

Ituran Location and Control (NASDAQ:ITRN) last released 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. Ituran Location and Control had a return on equity of 28.43% and a net margin of 15.42%. The business had revenue of $84.87 million for 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.