Ituran Location and Control Ltd. (NASDAQ:ITRN – Get Free Report) declared a quarterly dividend on Wednesday, August 12th. Investors of record on Tuesday, September 29th will be paid a dividend of 0.50 per share by the industrial products company on Wednesday, October 14th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 29th.
Ituran Location and Control has raised its dividend by an average of 0.5%per year over the last three years and has increased its dividend every year for the last 4 years. Ituran Location and Control has a payout ratio of 61.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ituran Location and Control to earn $4.00 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 50.0%.
Ituran Location and Control Price Performance
Ituran Location and Control stock opened at $53.69 on Friday. The firm has a market capitalization of $1.07 billion, a P/E ratio of 16.57 and a beta of 0.79. Ituran Location and Control has a 1-year low of $32.71 and a 1-year high of $68.30. The company’s 50-day moving average is $58.50 and its 200 day moving average is $54.80.
About Ituran Location and Control
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.
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