Ituran Location and Control Ltd. (ITRN) To Go Ex-Dividend on June 24th

Ituran Location and Control Ltd. (NASDAQ:ITRNGet Free Report) announced a quarterly dividend on Tuesday, May 26th. Investors of record on Wednesday, June 24th will be paid a dividend of 0.50 per share by the industrial products company on Wednesday, July 8th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, June 24th.

Ituran Location and Control has increased its dividend by an average of 0.5%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. 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

ITRN stock opened at $65.49 on Monday. The company has a 50-day simple moving average of $60.04 and a 200 day simple moving average of $51.09. The company has a market capitalization of $1.30 billion, a P/E ratio of 21.61 and a beta of 0.77. Ituran Location and Control has a fifty-two week low of $32.71 and a fifty-two week high of $68.30.

Ituran Location and Control (NASDAQ:ITRNGet Free Report) last released its earnings results on Tuesday, May 26th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.80 by $0.05. Ituran Location and Control had a net margin of 16.03% and a return on equity of 27.70%. The firm had revenue of $102.67 million for the quarter, compared to analysts’ expectations of $95.32 million. Equities analysts anticipate that Ituran Location and Control will post 3.5 EPS for the current year.

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.

Further Reading

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

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