Ituran Location and Control Ltd. (NASDAQ:ITRN) Announces Quarterly Dividend of $0.50

Key Points

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Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report) declared a quarterly dividend on Tuesday, August 19th, RTT News reports. Investors of record on Thursday, September 25th will be paid a dividend of 0.50 per share by the industrial products company on Friday, October 10th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Thursday, September 25th.

Ituran Location and Control has a dividend payout ratio of 61.5% indicating that its dividend is sufficiently covered by earnings.

Ituran Location and Control Stock Performance

Shares of NASDAQ ITRN traded up $0.43 during mid-day trading on Friday, hitting $37.12. The stock had a trading volume of 99,964 shares, compared to its average volume of 104,478. Ituran Location and Control has a 1 year low of $25.86 and a 1 year high of $45.43. The business has a 50 day moving average price of $38.95 and a two-hundred day moving average price of $37.43. The firm has a market cap of $738.47 million, a P/E ratio of 13.30 and a beta of 0.89.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last issued its earnings results on Tuesday, August 19th. The industrial products company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). Ituran Location and Control had a return on equity of 28.24% and a net margin of 16.35%.The firm had revenue of $86.79 million during the quarter, compared to analysts' expectations of $89.17 million.

Ituran Location and Control Company Profile

Ituran Location and Control Ltd., together with its subsidiaries, provides location based telematics services and machine-to-machine telematics products. It operates through two segments, Telematics Services and Telematics Products. The Telematics services segment offers stolen vehicle recovery and tracking services, which enables to locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and locator services that allow customers to protect valuable merchandise and equipment.