Ituran Location and Control Ltd. (NASDAQ:ITRN) Plans $0.39 Quarterly Dividend

Ituran Location and Control Ltd. (NASDAQ:ITRN) declared a quarterly dividend on Monday, August 19th, Zacks reports. Shareholders of record on Thursday, September 26th will be paid a dividend of 0.39 per share by the industrial products company on Wednesday, October 9th. This represents a $1.56 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend is Thursday, September 26th.

Ituran Location and Control has increased its dividend by an average of 41.5% per year over the last three years. Ituran Location and Control has a dividend payout ratio of 56.5% meaning its dividend is sufficiently covered by earnings.

Ituran Location and Control Price Performance

Ituran Location and Control stock opened at $26.41 on Wednesday. Ituran Location and Control has a one year low of $24.01 and a one year high of $30.10. The business has a fifty day moving average price of $27.09 and a 200-day moving average price of $26.73. The firm has a market capitalization of $525.29 million, a P/E ratio of 10.56 and a beta of 1.15.

Ituran Location and Control (NASDAQ:ITRN) last posted its quarterly earnings results on Monday, August 19th. The industrial products company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. Ituran Location and Control had a return on equity of 28.43% and a net margin of 15.42%. The firm had revenue of $84.87 million during the quarter.

About Ituran Location and Control

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.