Elron Electronic Industries Ltd. (OTCMKTS:ELRNF) Plans Dividend of $0.10

Key Points

• Elron Electronic Industries Ltd. announced a dividend of $0.10 per share, set to be paid on September 16th to investors of record by August 26th.
• The stock's ex-dividend date is August 25th, and the proposed dividend yields an astonishing 3,466.0%.
• Elron's current stock performance shows a 12-month range between $0.71 and $1.85, with a current trading price of $1.60.

Elron Electronic Industries Ltd. (OTCMKTS:ELRNF - Get Free Report) declared a dividend on Wednesday, August 20th, investing.com reports. Investors of record on Tuesday, August 26th will be paid a dividend of 0.104 per share by the technology company on Tuesday, September 16th. This represents a yield of 3,466.0%. The ex-dividend date of this dividend is Monday, August 25th.

Elron Electronic Industries Stock Up 12.8%

ELRNF traded up $0.2050 during trading on Friday, reaching $1.8050. 450 shares of the stock were exchanged, compared to its average volume of 393. The company has a debt-to-equity ratio of 0.06, a current ratio of 12.15 and a quick ratio of 15.13. The stock's 50 day moving average price is $1.59 and its two-hundred day moving average price is $1.34. Elron Electronic Industries has a twelve month low of $0.71 and a twelve month high of $1.85.

About Elron Electronic Industries

Elron Ventures Ltd is a venture capital firm specializing in early stage and seed investment. The firm prefers to invest in B2B software, cybersecurity, enterprise software or healthcare industries. The firm prefers to invest in Israel sector. Elron Ventures Ltd was founded in 1962 and is based in Tel Aviv, Israel with additional office in New York, New York.