Eltek Ltd. (NASDAQ:ELTK - Get Free Report) declared a -- dividend on Tuesday, April 8th, Wall Street Journal reports. Stockholders of record on Tuesday, April 22nd will be given a dividend of 0.19 per share by the technology company on Tuesday, April 29th. The ex-dividend date is Tuesday, April 22nd.
Eltek has a payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Eltek to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 21.6%.
Eltek Price Performance
ELTK traded up $0.02 during trading on Monday, reaching $8.25. The company had a trading volume of 6,245 shares, compared to its average volume of 23,566. The company has a market cap of $55.39 million, a P/E ratio of 9.71 and a beta of 0.58. Eltek has a 12 month low of $7.65 and a 12 month high of $12.47. The business's fifty day moving average price is $9.81 and its 200 day moving average price is $10.53.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on Eltek in a research note on Monday. They issued a "hold" rating on the stock.
Check Out Our Latest Research Report on Eltek
Eltek Company Profile
(
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Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. It offers a range of custom designed PCBs, including rigid, double-sided and multi-layer PCBs, and flexible circuitry boards. The company also provides high density interconnect, flex-rigid, and multi-layered boards.
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