Ituran Location and Control Ltd. (NASDAQ:ITRN – Get 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 Company Profile
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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