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

Ituran Location and Control Ltd. (NASDAQ:ITRN) announced a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Stockholders of record on Monday, December 23rd will be paid a dividend of 0.39 per share by the industrial products company on Wednesday, January 8th. This represents a $1.56 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend is Monday, December 23rd.

Ituran Location and Control has raised its dividend payment 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 Trading Up 1.7 %

Shares of ITRN opened at $28.98 on Friday. The company has a market cap of $576.41 million, a P/E ratio of 11.10 and a beta of 1.14. Ituran Location and Control has a twelve month low of $24.12 and a twelve month high of $30.00. The company’s fifty day simple moving average is $27.07 and its 200-day simple moving average is $26.75.

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.